Which of these statements describes scarcity?

a. It is a situation in which people cannot pay for goods and services.

b. It is an economic situation where the government has to import items.

c. It is the difference between limited resources and wants and needs.

Question

Social Studies

Topaz

10 October, 11:23

Which of these statements describes scarcity?

a. It is a situation in which people cannot pay for goods and services.

b. It is an economic situation where the government has to import items.

c. It is the difference between limited resources and wants and needs.

+2

Answers (2)

Know the Answer?

Karma Petty · Answer 1

Scarcity definition is the state of being scarce or in short supply. so i guess its the anwser wouldbe A

Shania Osborn · Answer 2

The correct answer is c.

Scarcity means that there is a lack of something. So, limited resources would suffice the idea of lacking something, especially compared to the higher wants and needs of the people.

Which of these statements describes scarcity?a. It is a situation in which people cannot pay for goods and services.b. It is an economic situation where the government has to import items.c. It is the difference between limited resources and wants and needs.

Which of these statements describes scarcity?

a. It is a situation in which people cannot pay for goods and services.

b. It is an economic situation where the government has to import items.

c. It is the difference between limited resources and wants and needs.