javonta1052203 javonta1052203

17-08-2022
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Fill in the blank. Scarcity exists in all societies because ____________________.
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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.

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amicrossing0 amicrossing0

17-08-2022

Answer:

people wants are unlimited an resources are limited

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mpigitambari62 mpigitambari62

17-08-2022

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.

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