The correct answer is D. All of the above.
Economic problems arise because we have unlimited wants but limited resources. We can never have everything we want, so we have to make choices about how to use our limited resources to get the things we want most.
Unlimited wants: We have unlimited wants because our desires are always growing. We never seem to be satisfied with what we have. We always want more and better things.
Scarce resources: Resources are scarce because they are limited in supply. There is only so much land, water, oil, and other resources in the world. We can never have enough of these resources to satisfy all
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