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economics
Scarcity is the result of limited resources being available to satisfy the wants and needs of citizens. It is important for people to buy and store resources in bulk to prevent scarcity.
true
the problem of scarcity - resources are scarce, wants are unlimited, therefore people are faced with opportunity costs (forgoing wants because they can only achieve some of their wants)
People have unlimited wants and limited resources to fulfill them.
economics
Economics.
Scarcity is the result of limited resources being available to satisfy the wants and needs of citizens. It is important for people to buy and store resources in bulk to prevent scarcity.
People use the resources of the environment to satisfy their needs
INTERDEPENDENCE
true
why is it important for people to manage earths natural resources
the problem of scarcity - resources are scarce, wants are unlimited, therefore people are faced with opportunity costs (forgoing wants because they can only achieve some of their wants)
Ecology.
People have unlimited wants and limited resources to fulfill them.
The way a nation determines how to use its resources to satisfy its people's needs and wants is called:
People make economic choices about what to do with their resources.