Because People's Wants Are Unlimited but Resources Are Scarce

question 4

Multiple Choice

Because people's wants are unlimited but resources are scarce,

• A)only the rich get everything they want
• B)choices must be made
• C)there will be more services produced than goods
• D)people search for spiritual fulfillment rather than material fulfillment
• E)poor people never get anything they want

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Definitions:

European Unification

The process of political, economic, and social integration among European countries, aiming to foster peace, stability, and prosperity.

Thriving Economy

An economic state characterized by strong growth, low unemployment, and rising incomes, indicating a healthy and prosperous economic environment.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

Borrowing Money

The act of obtaining funds from another party with the promise of repaying the principal along with potential interests.