Question

Fill in the blank. Scarcity exists in all societies because ____________________.
Group of answer choices

there is inefficiency in getting products to those who want them

the population has out grown production and resources.

the government buys too many services/goods, creating a shortage.

people’s wants are unlimited and resources are limited.

Answer 1

Answer:

people wants are unlimited an resources are limited

Answer 2

Answer:

There is always scarcity, because human wants are unlimited. This then brings use to a third important idea: Because of scarcity we MUST MAKE CHOICES. Some economists call this the "economizing problem". We can't have everything that we want so we have to choose.