Economics is not based on scarcity. True or False

History

2 answers:

musickatia [10]3 years ago

5 0

Answer: True

Explanation: Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

soldier1979 [14.2K]3 years ago

3 0

Answer:

true

Explanation:

Hope this helps. :) :D

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