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Anna35 [415]
3 years ago
14

In order for a resource to be considered scarce it must be expensive.

History
2 answers:
Sedbober [7]3 years ago
7 0
False, this isn’t always true
Anestetic [448]3 years ago
3 0

Answer:

False.

Explanation:

Resources are plentiful in different places. Scarcity simply implies very limited supply.  For instance, black holes are scarce, but there is no value for them. Even time is scarce, and labor might be too. Market forces need not act on these things for either artificial or natural reasons.

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