what issue results from the combination of limited resources and unlimited wants?\no production\no profit\no…

what issue results from the combination of limited resources and unlimited wants?\no production\no profit\no scarcity\no allocation

what issue results from the combination of limited resources and unlimited wants?\no production\no profit\no scarcity\no allocation

Answer

Brief Explanations:

Scarcity is the fundamental economic problem that arises due to limited resources and unlimited human wants. Production is about creating goods and services, profit is the financial gain, and allocation is about distributing resources. But scarcity is the issue caused by the resource - want imbalance.

Answer:

C. scarcity