Question

1. the problem of resources being limited, but wants being unlimited is the economic concept of ________. supply economy of scale opportunity cost scarcity

Explanation:

The problem describes the core economic condition where limited resources cannot satisfy unlimited human wants, which is the definition of scarcity. Supply refers to the quantity of goods available; economy of scale is cost reduction from increased production; opportunity cost is the value of the next best alternative forgone. None of these match the given description except scarcity.

Answer:

scarcity