Question

Scarcity is the idea that... A) we do not have enough resources to produce all things B) some products are too expensive C) we have more than enough resources to produce al our wants and needs D) we have more wants than needs

Answer 1

Answer:

D) we have more wants than needs

Explanation:

Scarcity refers to a gap between limited resources and theoretically limitless wants. The notion of scarcity is that there is never enough of something to satisfy all conceivable human wants, even at advanced states of human technology.

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