Asked by
Andrew Maestas
on Oct 27, 2024Verified
Although freshwater is very abundant in most places,it is scarce because:
A) it has no alternative uses.
B) there is not enough of it to meet all needs.
C) it is a free good.
D) scarce goods in general are not all that costly.
Freshwater
Refers to water bodies like lakes, rivers, and ponds that have low salt concentrations compared to seawater.
Scarce
In short supply; a resource is scarce when there is not enough of the resource available to satisfy all the various ways a society wants to use it.
- Familiarize oneself with the idea of scarcity and its impact on economic decision processes.
Verified Answer
RA
Learning Objectives
- Familiarize oneself with the idea of scarcity and its impact on economic decision processes.