Scarcity forces people to
A)be unwilling to help others.
B)consume as much as they can as quickly as they can.
C)choose among available alternatives.
D)live at a low standard of living.
E)cheat and steal.

Question

Quizplus · Accepted Answer

Scarcity refers to limited resources or availability of goods and services. When resources are scarce, people are forced to make choices among available alternatives. This is called opportunity cost. For example, if a person only has a limited amount of money to spend, they have to choose between different products or services that they want or need. Therefore, scarcity forces people to choose among available alternatives.

Scarcity Forces People to