Three fourth of the earth is covered with water. However, an economist would consider water a scarce resource because

Question

Three fourth of the earth is covered with water. However, an economist would consider water a scarce resource because
Group of answer choices

water is necessary for humans' physical survival

clean water is limited relative to people's unlimited wants

pollution will eventually destroy life in the oceans

nature can destroy water as well as create it

GPT-4o mini · Answer

The correct answer is: **clean water is limited relative to people's unlimited wants** Economists view resources as scarce when they are insufficient to satisfy all human wants and needs. While water itself is abundant, clean and usable water is indeed limited, making it a scarce resource in many regions.