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Individuals and societies must make choices regarding which goods and services will be produced and consumed because
A. unlimited wants can only be satisfied by allocating resources efficiently

B. resources are insufficient to satisfy the unlimited wants of people

C. allocating scarce resources efficiently reduces the equitable distribution of goods

D. income is not equally distributed to ensure that everyone can participate in the market

E. a country cannot have a comparative advantage in the production of all goods

Sagot :

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Answer:

C. Allocating scarce resources efficiently reduces the equitable distribution of goods

Explanation:

From what I remember, scarcity is the reason why there are always choices that must be made. They must do whatever they can to satisfy their needs and desires, which is why we have these questions to answer whenever making choices:

  1. What goods and services will be produced?
  2. How will these goods and services be produced?
  3. Who will consume them?

Until they know how to answer these questions, they will not get anywhere.

I am joyous to assist you.

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