The main implication of scarcity in economics is that people must be selfish.

Question

Quizplus · Accepted Answer

Scarcity in economics means that resources are limited while human wants and needs are unlimited. This does not necessarily mean that people must be selfish, but rather they must make choices and prioritize their needs and wants based on the available resources. People can still choose to be generous and cooperative even in a world of scarcity.

The Main Implication of Scarcity in Economics Is That People