The Idea That Wants Are Virtually Unlimited but the Resources

question 211

Multiple Choice

The idea that wants are virtually unlimited but the resources to meet those wants are limited is called

• A) the want-resource paradox.
• B) the economic gap.
• C) the dismal conclusion.
• D) scarcity.

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Definitions:

Utility

A term used to describe services provided to the public, such as water, electricity, natural gas, and sewage treatment.

Intrusive Environment

A setting or situation where privacy is limited, and external factors significantly affect personal space or work conditions.

Systematically

Done according to a fixed plan or system; methodical.