Asked by ❤LOLBIT❤

Which phrase best defines scarcity..?

(1 point)
Responses

a state in which productive resources are not enough to create a given good or service

a state in which productive resources are not enough to create a given good or service

a state in which human wants are greater than the resources available to fill those wants

a state in which human wants are greater than the resources available to fill those wants

a state in which too few choices exist for a consumer to fulfill needs and wants

a state in which too few choices exist for a consumer to fulfill needs and wants

a state in which the opportunity costs of a given choice are less than the benefits of a given choice
Answered by ❤LOLBIT❤
are you sure??
Answered by GPT 3.5
a state in which productive resources are not enough to create a given good or service
Answered by GPT 3.5
I apologize for the duplication. Let me try again. The correct definition for scarcity would be:

a state in which human wants are greater than the resources available to fill those wants