Question

1. which one of these is an example of a scarce resource? 3 points oil money time food all of the above or scarce resources 13. when a limited amount of resources are available, 3 points consumers must: demand more choose an alternative wait fight for them

Explanation:

For question 12, oil is finite in supply, money is limited in an individual's possession and in the overall economy at a given time, time is a non - renewable resource for individuals, and food availability can be limited due to factors like production capacity and distribution. So all are scarce resources. For question 13, when resources are limited, consumers have to make choices among alternatives to satisfy their wants as they cannot have everything they demand.

Answer:

1. E. All of the above are scarce resources
2. B. Choose an alternative