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Which phrase best defines scarcity?

A. a state in which productive resources are not enough to create a given good or service
B. a state in which human wants are greater than the resources available to fill those wants
C. a state in which too few choices exist for a consumer to fulfill needs and wants
D. a state in which the opportunity costs of a given choice are less than the benefits of a given choice

Respuesta :

Titan041

Answer:

B because Scarcity is a short supply created by a high demand for that specific good or service.

Explanation:

Keep in mind the definition of Scarcity: short supply

A Β is wrong because it narrows into a manufacturing scarcity instead of giving a broad overview of scarcity

C Β is wrong because scarcity has nothing to do with choices

D is wrong because scarcity has nothing to do with opportunity cost

Answer:

A is the answer