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Question 1 of 20
a state of economic scarcity exists when consumers:
a. have their economic freedoms restricted by the government.
b. save their money in banks instead of spending it.
c. borrow too much money to buy unnecessary products.
d. do not have enough resources to satisfy all of their wants.
submit

Respuesta :

The correct answer is option (d).

When there aren't enough resources to meet everyone's needs, there is scarcity.

What do you understand by scarcity in economics?

Scarcity is one of the main tenets of economics. It shows that there is a discrepancy between the demand for an item or service and its supply. Customers may therefore have fewer options because of scarcity, which ultimately drives the economy.

Why does scarcity exist in an economy?

The only reason there is scarcity is that there are more people's wants than there are resources to meet their wants. Inequality between infinite needs and finite resources is known as scarcity. We have to decide which desires we will gratify and which we won't.

learn more about Scarcity: https://brainly.com/question/13218441

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