Which is the BEST definition for scarcity?

A. A limited amount of money in an economic system.

B. When the needs and wants that people have outweigh the amount of resources available to them.

C. A fundamental problem in our society.

D. oose what you want to produce or sell.

Question

Kristin Holder

History

12 January, 21:58

Which is the BEST definition for scarcity?

A. A limited amount of money in an economic system.

B. When the needs and wants that people have outweigh the amount of resources available to them.

C. A fundamental problem in our society.

D. oose what you want to produce or sell.

+5

Answers (2)

Know the Answer?

Jonathan Haney · Answer 1

A, I suppose

Explanation:

Scarcity means you have a limited supply of something, so A would be the best option.

Kody Cuevas · Answer 2

Actually I think B is the correct answer. Scarcity means that there's barely any of it. A talks about money while B talks about resources so it would most likely be B.

Which is the BEST definition for scarcity?A. A limited amount of money in an economic system.B. When the needs and wants that people have outweigh the amount of resources available to them.C. A fundamental problem in our society.D. oose what you want to produce or sell.

Which is the BEST definition for scarcity?

A. A limited amount of money in an economic system.

B. When the needs and wants that people have outweigh the amount of resources available to them.

C. A fundamental problem in our society.

D. oose what you want to produce or sell.