Scarcity is likely to be
A)a problem that will always exist.
B)a problem that will be solved by the proper use of available resources.
C)eliminated with a better understanding of economics.
D)a result of the work ethic.
E)unique to the twentieth century.

Question

Quizplus · Accepted Answer

Scarcity is the result of unlimited human wants and needs conflicting with limited resources. As long as this conflict exists, scarcity will continue to be a problem that needs to be addressed. Despite technological advancements and improvements in efficiency, scarcity cannot be fully eliminated.

Scarcity Is Likely to Be