Which of the following is considered by economists to be the most fundamentally scarce?
A)Money
B)Ideas
C)Needs
D)Food
E)Physical resources

Question

Quizplus · Accepted Answer

Physical resources such as land, natural resources, and labor are considered to be the most fundamentally scarce because they are limited in quantity and cannot be easily replaced or replicated. Money, ideas, needs, and food can all be created or expanded with effort or innovation, while physical resources are finite.

Which of the Following Is Considered by Economists to Be