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9 February, 14:56

Select all that apply.

Which of the following describe the effects of scarcity?

Businesses can only make a limited number of goods and services.

People have limited wants.

Not everyone's needs are met.

Using scarce resources today means having fewer tomorrow.

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  1. 9 February, 16:07
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    Those that describe the effects of scarcity are:

    - B usinesses can only make a limited number of goods and services.

    - Not everyone's needs are met.

    - Using scarce resources today means having fewer tomorrow.

    Having scarcer materials does not mean that people have limited wants, but that people get less of what they want.
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