Because human wants are insatiable and unlimited while available resources are limited,people are said to face the problem of
A)why to produce.
B)scarcity.
C)macroeconomics.
D)social interest versus self-interest.
E)microeconomics.

Question

Quizplus · Accepted Answer

Scarcity is the fundamental economic problem faced by individuals, businesses, and governments due to the unlimited wants and needs of people and the limited resources available to satisfy those wants and needs.

Because Human Wants Are Insatiable and Unlimited While Available Resources