Practice question · Multiple choice
Why does scarcity apply even to a billionaire?
Hints
- Scarcity is about limited resources, not low income.
- How many hours does a billionaire’s day have?
Show the answer
D. Time, attention and unique goods stay limited
Why
Scarcity is the gap between unlimited wants and finite resources. Money loosens one constraint but not the 24-hour day, the single front-row seat, or the one original painting, choice never disappears.
Practise Scarcity
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