Question

according to the rules of economics, all resources are
in their supply. the wants and needs of people
are
.
the more scarce a resource is, the
people are willing to pay for it. the principle of scarcity forces people to

.

Explanation:

In economics, resources (like land, labor, capital) have limited supply (scarce). People's wants/needs are unlimited (they keep wanting more). Scarcity of a resource increases its value, so people pay more (higher price). Scarcity forces people to make choices (allocate limited resources to meet wants).

First blank: "scarce" (resources are limited in supply). Second blank: "unlimited" (human wants/needs are endless). Third blank: "more" (higher scarcity → higher willingness to pay). Fourth blank: "make choices" (allocate resources due to scarcity).

Answer:

First blank: scarce
Second blank: unlimited
Third blank: more
Fourth blank: make choices