The fact that there are too few resources to satisfy all our wants is attributed to
A)Scarcity.
B)Greed.
C)Shortages.
D) lack of money.

Question

Quizplus · Accepted Answer

Scarcity is the fundamental economic problem of having seemingly unlimited wants and needs in a world of limited resources. It is what forces individuals and societies to make choices about how to allocate resources towards different needs and wants. Greed and lack of money may exacerbate scarcity, but they are not the root cause. Shortages may be a consequence of scarcity, but scarcity itself is the underlying condition.

The Fact That There Are Too Few Resources to Satisfy