Question
What is scarcity?
-the idea that all resources are limited
-the idea that some resources are limited
-the amount that people want a certain good or service to be
-the difference between the income and expenses of a government
-the idea that all resources are limited
-the idea that some resources are limited
-the amount that people want a certain good or service to be
-the difference between the income and expenses of a government
Answers
GPT 3.5
The idea that all resources are limited. Scarcity refers to the fundamental economic problem of having unlimited wants and needs in a world of limited resources. It is the condition where there are not enough resources available to fulfill all the desired uses or demand for a particular good or service.