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Which best explains why the game of economics cannot eliminate scarcity?

The population of the Earth has grown too large to be sustained by the available
natural resources.
No matter how much supply is produced, people's demands will always increase to
exceed supply
Human intellectual capacities are too limited to allow them to make rational allocation
decisions
Technology has not advanced far enough to create fully efficient systems of production
and distribution

2 Answers

3 votes

Answer:

No matter how much supply is produced, people's demands will always increase to exceed supply

Step-by-step explanation:

took the test

User Peter Walter
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6 votes

Answer:

Which best explains why the game of economics cannot eliminate scarcity?

No matter how much supply is produced, people's demands will always increase to exceed supply

Step-by-step explanation:

Human want is insatiable, this entails for the desire to dare for more. This best explains why scarcity can not be evicted from the economic market.

User Juandelsur
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4.1k points