Scarcity means that:
A)resources are unlimited.
B)human wants are limited.
C)limited resources cannot satisfy all of our unlimited human wants.
D)choices are unnecessary.

Question

Scarcity means that:
A)​resources are unlimited.
B)​human wants are limited.
C)​limited resources cannot satisfy all of our unlimited human wants.
D)​choices are unnecessary.

Quizplus · Accepted Answer

Scarcity means that resources are limited and cannot satisfy all of our unlimited human wants. As a result, we have to make choices and prioritize our needs and wants. Therefore, choice C is the best answer as it accurately defines scarcity.

Scarcity Means That