Question

What is scarcity?(1 point)
Responses

the amount that people want a certain good or service to be
the amount that people want a certain good or service to be

the idea that all resources are limited
the idea that all resources are limited

the idea that some resources are limited
the idea that some resources are limited

the difference between the income and expenses of a government

Answer 1

Scarcity is defined as **the idea that all resources are limited**.