crash course economics #1 - scarcity\nmultiple - choice question\neconomics is driven by the fundamental…

crash course economics #1 - scarcity\nmultiple - choice question\neconomics is driven by the fundamental concept of\npeople always make the smartest money choices\npeople never make the right choice with money\npeople do not have many needs, so they can get whatever they want\nthere are unlimited things people want, but there are limited amount of resources

crash course economics #1 - scarcity\nmultiple - choice question\neconomics is driven by the fundamental concept of\npeople always make the smartest money choices\npeople never make the right choice with money\npeople do not have many needs, so they can get whatever they want\nthere are unlimited things people want, but there are limited amount of resources

Answer

Brief Explanations:

Economics studies how society allocates scarce resources. Scarcity exists because human wants are unlimited while resources are limited. The other options are incorrect as people don't always make smart money - choices, nor do they never make the right money - choices, and people have many needs that cannot always be met due to scarcity.

Answer:

There are unlimited things people want, but there are limited amount of resources