Scarcity:A) applies to a brain surgeon but not to a cab driver.B) is not a problem for a politician.C) exists only in rich countries.D) exists only in poor countries.E) occurs when a resource is not freely available.

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ELIZABETH OYUKI MIRANDA · Accepted Answer

Final Answer : E, Explanation :  Scarcity occurs when a resource is not freely available, meaning there is a limited supply of it. It applies to all individuals and economies, regardless of their profession, political status, or country's level of development.

Scarcity:

A) applies to a brain surgeon but not to a cab driver.
B) is not a problem for a politician.
C) exists only in rich countries.
D) exists only in poor countries.
E) occurs when a resource is not freely available.

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