9
QuizMultiple Choice

Resources and Scarcity

Question 9 • * HSA 26-27 Economics

Which object is likely to have the most value based on the concept of scarcity?

Answer
A
a flowering plant
B
a silver necklace
C
a new coffee table
D
a crop of oranges

Explanation

Scarcity means that something is limited in supply compared with how much people want it. Silver is less common than plants, coffee tables, or oranges, which can be grown or manufactured in larger quantities. A silver necklace is therefore likely to have the most value based on scarcity.

AI-written and checked against the verified answer.

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