Those that describe the effects of scarcity are:
- B<span>usinesses can only make a limited number of goods and services.
- </span><span>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. </span>
Answer:
The economy cannot fund both a large war and major social programs.
