Homework Help: Social studies

Posted by Larry on Tuesday, October 23, 2012 at 5:28pm.

I am learning about scarcity in my SS 6th grade and I am unsure about this question.

Which sentence best tells the effect of scarcity on economics?
A. Scarcity shapes decisions about how to distribute goods
B. because resources are scarce consumers buy fewer goods
C. Scarcity makes people work harder to make more money
D. The existence of scarce resources forces people to make choices

I know that scarcity is a state in which human wants are greater than resources available to fill those wants but the above sentences are confusing me.

Social studies - Ms. Sue, Tuesday, October 23, 2012 at 5:31pm
This is a confusing question. We're looking at how scarcity affects economics (money). I think B. is the best answer. People buy fewer of the scarce resource; thus less money is spent.

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