The correct answer is:
c. resources are scarce.
Scarcity forces individuals and societies to make choices about how to allocate limited resources among various competing needs and wants.
The overriding reason why households and societies face many decisions is that
a.
goods and services are not scarce.
b.
income fluctuate with business cycles.
c.
resources are scarce.
d.
people, by nature, tend to disagree.
1 answer