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QUESTION IMAGE

what issue results from the combination of limited resources and unlimi…

Question

what issue results from the combination of limited resources and unlimited wants?
○ production
○ profit
○ scarcity
○ allocation

Explanation:

Brief Explanations

In economics, scarcity is defined as the situation where resources are limited (finite) but human wants are unlimited. Production refers to creating goods/services, profit is related to business earnings, and allocation is about distributing resources. Only scarcity arises from limited resources and unlimited wants.

Answer:

scarcity