Because resources are limited, __________.
only the very wealthy can get everything they want
firms will be forced out of business
the availability of goods will be limited but the availability of services will not
people must make choices
I say it is the 3rd one
agree
I'm thinking D for this one now
To determine the correct choice, let's analyze the question and the given options:
The question states that "Because resources are limited, _________."
Option 1: "only the very wealthy can get everything they want"
This option suggests that only the wealthy individuals can obtain everything they desire. While limited resources can lead to certain advantages for the wealthy, it does not directly address the statement that resources themselves are limited.
Option 2: "firms will be forced out of business"
This option implies that limited resources will result in companies going out of business. While scarcity can impact businesses, it does not encompass the entire concept of resource limitation.
Option 3: "the availability of goods will be limited but the availability of services will not"
This option proposes that goods may become limited due to resource scarcity, but services will not be affected. This distinction between goods and services is not explicitly mentioned in the original question, making this option less likely to be the correct answer.
Option 4: "people must make choices"
This option acknowledges the nature of resource limitation. When resources are scarce, individuals must make choices about how to allocate them. This aligns with the principle of opportunity cost and is a widely recognized concept in economics.
Based on the analysis, it is most likely that the correct answer is option 4: "people must make choices." Resource limitations necessitate individuals make choices regarding what goods or services they can access or consume, given the scarcity of resources.