Question

1) Which of the following statements about scarcity is correct? (2pts) Scarcity sould be eliminated if a society followed the policy "from each according to H to each acfording to his needs." rápis a problem facing all societies, regardless of how they are organized. Carcity is a problem for poor societies, but not for affluent ones All of the above None of the above 2) Efficierfy means that (2pts) spciety's resources are distributed fairly among society's O society is getting the most it can from its scarce resources. D. socjety has reduced its dependence on foreign energy mbers sources. society is conserving resources in order to save them for the future.

Answer 1

1) scarcity is a problem facing all societies regardless of how they are organised.

Every economy faces the problem of scarcity because human wants are unlimited.

2) society is getting the most it can from its scarce resources.

When resources are allocated efficiently it means resources are allocated in their most productive ways.