Even though some countries, such as the United States, have
large amounts of resources, economists still regards resources as
"scarce." The reasoning behind this concept of scarcity is that, no
matter how many resources a country has, it is always the case
that
Question 11 options:
its resources are limited, whereas its wants and needs are
relatively unlimited.
government is too big, and business is too small.
its resources are limited, but its wants and needs are even more
limited....