1 of 81 of 8 Items
Question
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
Question
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
Answers
Answered by
GPT-4o mini
The phrase that best defines scarcity is:
**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**.
There are no human answers yet. A form for humans to post answers is coming very soon!