Question

select all that apply. which of the following describe the effects of scarcity? not everyones needs are met. people have limited wants. businesses can only make a limited number of goods and services. using scarce resources today means having fewer tomorrow.

Explanation:

Scarcity means limited resources. Due to this, not all needs can be satisfied. Also, businesses are restricted in production, and using resources now reduces future availability. People's wants are actually unlimited in the face of scarcity.

Answer:

• Not everyone's needs are met.
• Businesses can only make a limited number of goods and services.
• Using scarce resources today means having fewer tomorrow.