Which of the following BEST describes the main difference between scarcity and a shortage?
A.
While a shortage is a temporary market condition, scarcity is an ongoing condition in the world.
B.
While scarcity is a temporary market condition, a shortage is an ongoing condition in the world.
C.
Scarcity is found throughout the world, but shortages only occur in wealthy countries.
D.
Shortages occur everywhere, but scarcity happens only in countries with very high poverty levels.

Question

Which of the following BEST describes the main difference between scarcity and a shortage?
A.
While a shortage is a temporary market condition, scarcity is an ongoing condition in the world.
B.
While scarcity is a temporary market condition, a shortage is an ongoing condition in the world.
C.
Scarcity is found throughout the world, but shortages only occur in wealthy countries.
D.
Shortages occur everywhere, but scarcity happens only in countries with very high poverty levels.

micahm · Answer

What is the difference between scarcity and shortage? https://answers.yahoo.com/question/?qid=20070331142004AAGRgMP Mar 31, 2007 - Follow privately; Unfollow. Best AnswerAsker's Choice ... A shortage has to do with the relationship between the amount the supplier are ... scarcity describes the general fact that there aren't enough goods or resources in the ...

dantefemboy · Answer

So its A.