Scarcity can best be defined as a situation in which:
A. there are no buyers willing to purchase what sellers have produced.
B. there are not enough goods to satisfy all of the buyers' demand.
C. the resources we use to produce goods and services are limited.
D. there is more than enough money to satisfy consumers' wants.
Answer:C
Scarcity can best be defined as a situation in which:
A. there are no buyers willing to purchase what sellers have produced. B. there are not enough goods to satisfy all of the buyers' demand. C. the resources we use to produce goods and services are limited. D. there is more than enough money to satisfy consumers' wants.