Question

which of the following is true about scarcity? human wants exceed the resources available to satisfy them. we have an unlimited amount of time. only governments make decisions about limited resources. resources that businesses need are unlimited.

Explanation:

Scarcity is defined as the situation where human wants are unlimited while resources are limited. Time is limited for individuals. Decisions about limited resources are made by individuals, businesses, and governments. Business - related resources are also limited.

Answer:

Human wants exceed the resources available to satisfy them.