Because of scarcity: Select one: a. all choices about wants and using resources must be made by the government. b. choices can be made about which wants to satisfy, but not about which resources to use. c. individuals and societies must prioritize which wants and needs are most important to satisfy. d. individuals and societies are allowed no choice about which wants and needs to satisfy.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Because of scarcity:
Select one:
a.
all choices about wants and using resources must be made by the government.
b.
choices can be made about which wants to satisfy, but not about which resources to use.
c.
individuals and societies must prioritize which wants and needs are most important to satisfy.
d.
individuals and societies are allowed no choice about which wants and needs to satisfy.
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