Question

Resources are:

a.Plentiful for households and plentiful for economies
b.Scarce for households and scarce for economies
c.Plentiful for households but scarce for economies
d.Scarce for households but plentiful for economies

Answer 1

b.Scarce for households and scarce for economies

Step-by-step explanation:

• A resource is a source of supply form which benefit is produced and has some utility and is broadly classified in there availability. The resources are those that are scare in terms of the households and the economies and depends on the availability of the factors.