superpickle72
superpickle72 superpickle72
  • 04-05-2020
  • History
contestada

In order for a resource to be considered scarce it must be expensive.


Please select the best answer from the choices provided

T
F

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homelessdoglookingfo
homelessdoglookingfo homelessdoglookingfo
  • 04-05-2020

Answer:

False.

Explanation:

Resources are plentiful in different places. Scarcity simply implies very limited supply.  For instance, black holes are scarce, but there is no value for them. Even time is scarce, and labor might be too. Market forces need not act on these things for either artificial or natural reasons.

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kemestartmeme
kemestartmeme kemestartmeme
  • 04-05-2020
False, this isn’t always true
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