Question

how does scarcity determine the economic value of an item?
by the amount of goods that are produced
by the capital required to build the factory
by the unlimited wants of the consumers
by the resources consumed in production

Explanation:

Scarcity is related to limited availability. When an item is scarce and consumers have unlimited wants for it, its economic value is affected. The less available an item is relative to demand, the higher its value. The amount of goods produced affects scarcity - lower production means higher scarcity and potentially higher value. Other options like factory - building capital or production resources are not direct determinants of economic value based on scarcity.

Answer:

by the amount of goods that are produced