Asked by Pablo Porcayo on Apr 28, 2024

verifed

Verified

According to Emerson: "Want is a growing giant whom the coat of Have was never large enough to cover." According to economists, "Want" exceeds "Have" because

A) people are greedy.
B) productive resources are limited.
C) human beings are inherently insecure.
D) people are irrational.

Productive Resources

The inputs used in the production of goods and services, typically classified as land, labor, capital, and entrepreneurship.

Economists

Professionals who study, develop, and apply theories and concepts from economics and write about economic policy.

  • Analyze the impact of scarcity on economic decisions.
verifed

Verified Answer

AG
Abhinav Gautam AdariApr 28, 2024
Final Answer :
B
Explanation :
Economists argue that "Want" exceeds "Have" because productive resources are limited, which is a fundamental concept in economics known as scarcity. Scarcity means that there are not enough resources to satisfy all human wants and needs, leading to the necessity of making choices about how to allocate these limited resources.