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Which of the following describe the effects of scarcity?


Businesses can only make a limited number of goods and services.

People have limited wants.

Not everyone's needs are met.

Using scarce resources today means having fewer tomorrow.

Verified Answer :

PsychicPhantom

Those that describe the effects of scarcity are:
- Businesses can only make a limited number of goods and services.
- Not everyone's needs are met.
- Using scarce resources today means having fewer tomorrow.

Having scarcer materials does not mean that people have limited wants, but that people get less of what they want. 

Answer:

- Businesses can only make a limited number of goods and services.

- Not everyone's needs are met.

- Using scarce resources today means having fewer tomorrow.

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