The problem of scarce resources:
A)means that there are not enough jobs in some cities.
B)could be solved if the unemployment rate fell.
C)is that there are not enough resources to satisfy people's unlimited wants.
D)is that resources are used inefficiently.
E)can be solved by lowering taxes.

Question

Quizplus · Accepted Answer

The problem of scarce resources refers to the fundamental economic issue that there are limited resources available to meet unlimited wants and needs. This is a fundamental concept in economics, and is not related to job availability, unemployment, tax rates, or inefficiencies in resource use.

The Problem of Scarce Resources