The criterion of rarity requires that a resource be scarce relative to ________.
A) demand
B) competitors
C) commodities
D) value added

Question

Quizplus · Accepted Answer

The criterion of rarity involves assessing the scarcity of a resource relative to its demand. A resource may be scarce in quantity, but if there is no demand for it, it is not considered rare. Therefore, the answer is A - demand.

The Criterion of Rarity Requires That a Resource Be Scarce