Read each question and choose the best answer.

Question

Why is there scarcity even in an affluent country like the United States?
A. Entrepreneurs are scarce and companies need leaders.
B. Resources are limited but wants are unlimited.
C. Some people are poor while others are wealthy.
D. Wants are limited but needs are unlimited.

Answer 1

The best answer is:
B. Resources are limited but wants are unlimited.

This option accurately reflects the fundamental economic principle of scarcity, where finite resources are insufficient to satisfy the infinite wants and needs of individuals, even in wealthy countries.