Answered

The overriding reason why households and societies face many
decisions is that
O goods and services are not scarce.
O incomes fluctuate with business cycles.
O people, by nature, tend to disagree.
resources are scarce.



Answer :

GinnyAnswer

Final answer:

Economics studies how decisions are made in scarcity. Limited resources lead to choices for households and societies.


Explanation:

Economics is the study of how humans make decisions in the face of scarcity. Scarcity occurs when human wants for goods, services, and resources exceed what is available. Due to limited resources, households and societies are forced to make decisions on how to allocate these resources.


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