Question

The term scarcity means that

society has a limited amount of resources
fear determines what people will purchase
businesses succeed if they use high prices
people cannot have everything they want

Answer 1

Limited amount of resources

Step-by-step explanation:

Not enough to go around. By definition, scarcity means limited resources. In our society it’s nearly impossible to obtain every want due to limits on time, money, and other resources.

Answer 2

A. society has a limited amount of resources

Step-by-step explanation:

The definition of scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. So, I would be led to believe A is the most correct answer. While D could be a viable option, A is closer to the definition.