Question

1. the definition of scarcity is... * 3 points

a city where individuals commit themselves to unlimited wants and needs
when people use time and energy to create events
a limited amount of resources to meet unlimited wants and needs.
an unlimited amount of resources to meet limited wants and needs

1. considering all the questions above, it all comes down to _______________. these are decisions we all must make due to scarcity.

trade offs
scarcity
choice
incentive

Explanation:

Scarcity in economics refers to the situation where resources are limited while human wants and needs are unlimited. Due to scarcity, people must make choices, which often involve trade - offs. A trade - off is giving up one thing to get another. In question 6, the correct definition of scarcity is the limited resources to meet unlimited wants and needs. In question 7, because of scarcity, we make trade - offs as decisions.

Answer:

1. C. A limited amount of resources to meet unlimited wants and needs.
2. A. trade offs