Respuesta :
The statements that demonstrate the economic concept of scarcity:
- all the resources are limited in their supply.
- resources are scarce, that explains the reason why we are willing to pay for them.
- because of scarcity, choices must be made.
The correct group of choices are a,c and e.
The basic reality that there are only finite amounts of both human and nonhuman resources that can be used by the best technical knowledge to produce only finite maximum amounts of each economic good is what is meant by scarcity as an economic concept.
Due of scarcity, choices must be made. Because of scarcity, people, organisations, and governments must cope with the issue of having endless needs but little resources. There is an issue of scarcity in any economic system, from capitalism to socialism, when the demand is higher than the supply.
The complete question is:
Which of these statements demonstrate the economic concept of scarcity?
check all that apply.
a. all useful resources are limited in their supply.
b. everyone is able to meet all their wants and needs the wants and needs of people are unlimited.
c. resources are scarce, which explains why we are willing to pay for them.
d. a large economy is able to eliminate the effects of scarcity.
e. because of scarcity, individuals must make choices.
To learn more about scarcity, refer
https://brainly.com/question/4763666
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