Answered

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In order for a resource to be considered scarce it must be expensive. True. False.

Sagot :

LiamSidn
False, scarce means the resource would be hard to come by or rare.
Michell96idn

The correct answer is False

Explanation:

A resource, that is considered as scarce is any resource product or good  that is limited in availability, it means this resource might be difficult to get or produce and thus there are just limited units of this as the demand of the product is high than the supply of it, examples of scarce resources include gold, rare minerals and fresh water which can only be exploited in a limited way in comparison to others such as fruits or  produced massively. Thus, the main factor that determines whether a resource is considered as scarce or not is the availability of it and not the price, an example of this is that the price of fresh water is low while gold is expensive and both are scarce resources. Thus, it is false a resource is considered scarce if it is expensive.

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