Question

available resources will never be enough to satisfy all human needs and wants. This basic problem of economics leads to which outcome

Answer 1

this would lead to there being a large black market for the materials or them being highly restricted by the government because they are going to become rare and very valuable.

Answer 2

Answer:

C) Scarcity requires people to make choices.

Explanation:

According to a different source, these are the options that come with this question:

A) Inflation expands purchasing power.

B) Workers earn more through overtime pay.

C) Scarcity requires people to make choices.

D) Personal expenses increase on an annual basis.

People purchase things because they want to fulfill their wants and needs. However, even people who are extremely wealthy cannot buy every single thing they want. This is because resources in the world are limited, and there would not be enough resources to give everyone everything they desire. This is called scarcity. The fact that scarcity exists means that people need to make certain choices when it comes to the best ways to spend their money.