doriansandstrum
Answered

How does scarcity affect a society’s economic decisions?

It influences society to export products, including natural resources, labor, and capital, in order to increase profits.

It influences society to prioritize its needs and wants and make decisions about how to use resources.

It influences society to decide whether or not it should remove a leader from power.

It influences society to innovate and change its methods of production quickly.

Answer :

tvd1232

Answer:

It influences society to prioritize its needs and wants and make decisions about how to use resources.

:D

bihariyadeep28

The economy may may fluctuate  according the factors governing it and may be at boom or recession. The situation of economic scarcity arises when the supply of goods demanded in an economy falls short of the demand generated in the economy.

Economic scarcity

Such scenario creates an imbalance between demand and supply and the available resources are not enough to fulfill the demand of whole economy which provokes people to collect resources for themselves.

The situation leads to warfare between people. Humans have a tendency to safeguard their survival even if they need to fight for the same.

Therefore it can be said that "economic scarcity influences society to prioritize its needs and wants and make decisions about how to use resources".  OPTION B is correct.

Learn more about economic scarcity here:

brainly.com/question/13218441

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