Question

question 1 1 pts in economics, choices must be made because we live in a world of greed. unemployment. scarcity. unlimited resources. question 2 1 pts the basic economic problem of ______ has always existed and will continue to exist. recession inflation scarcity efficiency

Explanation:

In economics, scarcity refers to the limited availability of resources relative to unlimited wants. This necessitates making choices. Scarcity is a fundamental and persistent economic problem.

Answer:

Question 1: scarcity
Question 2: scarcity