Which of the following must cope with scarcity?
A)Individuals
B)Companies
C)Governments
D)Families
E)All of the responses are correct.

Question

Quizplus · Accepted Answer

All of these entities listed must cope with scarcity, as scarcity is an inherent concept present in all economic systems. Individuals must budget their personal resources, companies must allocate their resources to maximize profits, governments must allocate resources to serve their citizens, and families must prioritize their spending based on their limited resources.

Which of the Following Must Cope with Scarcity