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Question
economics exists because people have unlimited wants but limited resources. in other words, there are not enough resources to meet all of peoples wants. this problem is called scarcity. which of the following things are true because of scarcity? select all that apply. people sometimes cant have as much of something as they want. people face trade - offs, or choices between things they want. people have unlimited resources to use. people dont get any of the things they want.
Scarcity means limited resources relative to unlimited wants. So people sometimes can't have as much as they want and must make trade - offs. Resources are not unlimited, and it's not that people don't get any of what they want.
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People sometimes can't have as much of something as they want.
People face trade - offs, or choices between things they want.