Question

the conflict between unlimited wants and limited resources is referred to as _.
o inflation
o scarcity
o poverty
o unemployment

Explanation:

In economics, scarcity refers to the fundamental problem of having unlimited wants but limited resources. Unemployment is a situation related to the labor - market. Poverty is a state of lacking basic needs. Inflation is about the general increase in prices. The conflict between unlimited wants and limited resources is scarcity.

Answer:

scarcity