Question

Select all that apply.

Answer 1

Answer:

- Businesses can only make a limited number of goods and services.

- Not everyone's needs are met.

- Using scarce resources today means having fewer tomorrow.

Answer 2

Those that describe the effects of scarcity are:
- Businesses can only make a limited number of goods and services.
- Not everyone's needs are met.
- Using scarce resources today means having fewer tomorrow.

Having scarcer materials does not mean that people have limited wants, but that people get less of what they want.