QUESTION IMAGE
Question
question 2
1 pts
what is not having enough of a resource, product, or service?
scarcity
opportunity cost
trade
economics
Brief Explanations
- Scarcity is defined as the condition of having insufficient resources, products, or services to meet wants and needs.
- Opportunity cost refers to the value of the next best alternative forgone.
- Trade is the exchange of goods or services between parties.
- Economics is the social science that studies the production, distribution, and consumption of goods and services.
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A. scarcity