Which statement describes how governments deal with scarcity?

A) choosing to fill needs rather than wants

B) choosing options that best match supply with demand

C) choosing options that employ the largest number of people

D) choosing options with the greatest benefits to the people

Question

Salma Shepard

History

9 April, 01:22

Which statement describes how governments deal with scarcity?

A) choosing to fill needs rather than wants

B) choosing options that best match supply with demand

C) choosing options that employ the largest number of people

D) choosing options with the greatest benefits to the people

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Answers (1)

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Jacquelyn Montes · Answer 1

By definition, the word "scarcity" is an economic problem which mainly revolves around on the idea that the limited resources a state has are not sufficient in providing the needs of the people. In addition, one of the measures done by the government to address this problem would be to by " choosing options that best match supply with demand."

Which statement describes how governments deal with scarcity?A) choosing to fill needs rather than wantsB) choosing options that best match supply with demandC) choosing options that employ the largest number of peopleD) choosing options with the greatest benefits to the people

Which statement describes how governments deal with scarcity?

A) choosing to fill needs rather than wants

B) choosing options that best match supply with demand

C) choosing options that employ the largest number of people

D) choosing options with the greatest benefits to the people