Answered

The term scarcity means that

society has a limited amount of resources
fear determines what people will purchase
businesses succeed if they use high prices
people cannot have everything they want

Answer :

taeler09

Answer:

A. society has a limited amount of resources

Explanation:

The definition of scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants.  So, I would be led to believe A is the most correct answer.  While D could be a viable option, A is closer to the definition.

Answer:

Limited amount of resources

Explanation:

Not enough to go around. By definition, scarcity means limited resources. In our society it’s nearly impossible to obtain every want due to limits on time, money, and other resources.

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