AnswersFL-2102340-Economics with Financial Literacy Teacher DirectedResources and ScarcityQuestion 2
2
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Resources and Scarcity

Question 2 • FL-2102340-Economics with Financial Literacy (Teacher Directed)

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Answer
According to the rules of economics, all resources arein their supply. The wants and needs of people are.:

limited

According to the rules of economics, all resources arein their supply. The wants and needs of people are.:

unlimited

The more scarce a resource is, the people are willing to pay for it. The principle of scarcity forces people to.:

more

The more scarce a resource is, the people are willing to pay for it. The principle of scarcity forces people to.:

make choices

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