Question

Because people's wants are unlimited but resources are scarce, _____:

a. ​choices must be made.
b. ​poor people never get anything they want.
c. ​people search for spiritual fulfillment rather than material fulfillment.
d. ​only the rich get everything they want.
e. ​there will be more services produced than goods.

Answer 1

a. ​choices must be made.

Step-by-step explanation:

Since there are limited resources available to meet the insatiable wants of man, choices have to be made.

This is what gives rise to a scale of preference which requires that wants are arranged in order of importance and available resources are used to satisfy them in that order.

Wants not satisfied are the real or opportunity cost of those satisfied.