samayahenson
Answered

Scarcity is best defined as which of the following?
Select one:
O Material resources that are limited.
O Limited vital material resources compared with limited wants and needs.
O An idea
that says industrialized nations will use up all of the natural resources.
OA society's wants
and needs are unlimited and material resources are limited.



Answer :

GinnyAnswer

Final answer:

Scarcity is the imbalance between limited resources and unlimited desires, leading to choices and trade-offs.


Explanation:

Scarcity is the condition where resources are limited while wants and needs are unlimited. This results in individuals and societies having to make choices due to the constraint of scarcity, as they cannot have everything they desire.


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