What implication does resource scarcity have for the satisfaction of wants?
A
Not all wants can be satisfied
B
We will never be faced with the need to make choices
C
We must develop ways to decrease our individual wants
D
The discovery of new natural resources is necessary to increase our ability to satisfy wants
Correct Answer: Not all wants can be satisfied
Resource scarcity for the satisfaction of wants implicates that not all wants can be satisfied. The classification of human wants is not a rigid concept.