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pychu [463]
3 years ago
14

What term refers to the idea that society has limited resources and therefore cannot produce all the goods and services people w

ish to have?
Social Studies
1 answer:
maksim [4K]3 years ago
8 0
The correct answer is scarcity. 

Scarcity refers to when certain goods or resources are not able to be produced in a quantity that is sufficient enough to meet people's demands.For instance, let's assume that every summer, a certain state's  markets sell mangoes that are high in demand by customers. However, one year, most mango trees are unable to yield mangoes due to unfavorable weather. Due to this only very few mangoes are sold to customers and there are not enough to meet customers' demands. This means that there is a scarcity of mangoes.  
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Option A is not correct because Musa died before the great plague that devastated many people, especially in Europe in the middle of 14th Century.

Option C is correct as during that pilgrimage he gave so many gold that it created inflation.

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2 years ago
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The Four Universal Principles

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