Answer:
4. people must make trade-offs.
Explanation:
Scarcity is the shortage of supply with respect to demand. It arises due to unlimited wants contrasted with limited resources - having alternative uses.
Scarcity : Demand > Supply
This leads to trade off (sacrifise) of something to attain anything, since the limited resources are short of unlimited wants & have alternative uses.
Eg : Having fixed money income (analogous to resources) & many commodities in consumption basket (analogous to wants); if one commodity is gained - it would be at the cost of sacrifising (trade off) some other commodity.
Germany any they lost land an army and couldn’t have an Air Force
The orientation of philosophy which I adhere to is called Epicureanism
<h3>What is Epicureanism?</h3>
This refers to the school of philosophy that believes and advocates that pleasure is the highest good.
Hence, the father of this school of philosophy is known as Epicurus, a Greek philosopher he believed that when one removed anxiety and stress and pursued only pleasure, this would do him the most good.
Read more about Epicureanism here:
brainly.com/question/12837699
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