Scarcity exists because
A)there is a disruption in the distribution of goods caused by bad weather.
B)there is a shortage of goods caused by war.
C)there are not enough resources available to produce all the goods that people want.
D)there is a shortage of qualified workers throughout the world.

Question

Quizplus · Accepted Answer

Scarcity exists because there are limited resources available to produce all the goods that people want. This is a fundamental economic problem that arises due to the infinite wants of people and the finite resources available to fulfill those wants. Disruptions in the distribution of goods or shortages caused by war or a shortage of qualified workers may exacerbate scarcity, but the underlying reason for scarcity is the limited availability of resources.

Scarcity Exists Because