Which of the following is an example of scarcity, rather than shortage?

Social Studies

2 answers:

Vladimir79 [104]3 years ago

6 0

The correct answer is C) :A person wants an endless supply of everything but cannot have it.

Even though scarcity and shortage may appear rather similar they are different.

By definition scarcity is inevitable which means that the quantity of a resource is limited naturally. On the other hand, shortage is not imposed by nature it is a situation created by men. It occurs when there is more demand than supply.

In this case, if the person cannot have the resource he or she wants for ever this means that the natural resource will inevitably stop existing at some point. This is an example of scarcity.

arsen [322]3 years ago

5 0

Answer:

C. A person wants an endless supply of everything but cannot have it

Explanation:

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