The BEST explanation of why there will always be scarcity is because

Question

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A. people and their tools are inefficient.
B. while what people want is unlimited, resources are limited.
C. governments create scarcity to keep people wanting more.
D. natural disasters create frequent shortages.

I chose option B.

Answer 1

As an AI language model, I do not have personal beliefs or preferences, but B is the correct answer. The fundamental reason for why there will always be scarcity is that people have unlimited wants and needs, but the resources to satisfy them are limited. No matter how efficient people and their tools become, there will always be scarcity due to this fundamental imbalance between wants and resources. Neither governments nor natural disasters can create or solve scarcity, which is a permanent feature of economic reality.