Ralph Waldo Emerson once wrote: "Want is a growing giant whom the coat of Have was never large enough to cover." According to economists "Want" exceeds "Have" because Multiple Choice productive resources are scarce. people are irrational. human beings are inherently insecure people are greedy.

Question

Ralph Waldo Emerson once wrote: "Want is a growing giant whom the coat of Have was never large enough to cover." According to economists "Want" exceeds "Have" because Multiple Choice productive resources are scarce. people are irrational. human beings are inherently insecure people are greedy.

Answer 1

A. Productive resources are scarce.

Answer 2

Economists often discuss the concept of scarcity, which is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. This means that productive resources are scarce, and thus, the wants of individuals and societies exceed what can be produced with the available resources. This aligns with Emerson's idea that "Want" exceeds "Have."

Question

Ralph Waldo Emerson once wrote: "Want is a growing giant whom the coat of Have was never large enough to cover." According to economists "Want" exceeds "Have" because Multiple Choice productive resources are scarce. people are irrational. human beings are inherently insecure people are greedy.

Answer

Answer

Explanation