Where does the phenomenon of scarcity stem? - ProProfs Discuss
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Where does the phenomenon of scarcity stem?



A. Most economies’ production methods are not very good.
B. In most economies, wealthy people consume disproportionate quantities of goods and services.
C. Governments restricts production of too many goods and services.
D. Resources are limited.
E. People are greedy

This question is part of Principles of Economics QUIZ #1
Asked by Cypriot, Last updated: Mar 31, 2020

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3 Answers

John Adney

John Adney

Answered Dec 16, 2016

Resources are limited
 

khatt

Resources are limited
 

John Smith

John Smith

Answered Oct 26, 2016

Resources are limited.
 

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