Introduction to Economics 1 Deneme Sınavı Sorusu #1114203

When societies face the scarcity problem, what they have to do it?

They can satisfy all their needs and desires,

They have to think at the margin,

Cost is limited to only explicit costs,

Must decide on their priorities and manage their resources accordingly with the priorities they set,

Must decide all desired goods to produce.

Yanıt Açıklaması:

Scarcity of Resources

Our resources are limited relative to our needs, and this is true not only for individuals but also for societies. Scarcity refers to the society’s inability to produce all the goods and services people desire to have because of deficiency of resources. Societies therefore must also decide on their priorities and manage their resources accordingly with the priorities they set.

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SORUNUN CEVABI: D

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