Some consumers have limited money to spend on a large supply of potential products. the idea that a consumer needs to pick how to use a scarce resource is known as demand choice scarcity opportunity cost

The answer is indeed "choice".

Explanation:

In Economics, the fact that consumers have limited resources to satisfy all their needs is known as scarcity. The decisions those consumers have to make concerning how to use such scarce resources and what needs they choose to satisfy - since they cannot satisfy all of them - are known as choices.

Economics is the very study of how society chooses to use limited resources to satisfy unlimited material wants.

china is shifting toward specialization in industry and services and away from agriculture.

explanation:

mark brainliest

when world war i broke out across europe in 1914, president woodrow wilson proclaimed the united states would remain neutral, and many americans supported this policy of nonintervention. however, public opinion about neutrality started to change after the sinking of the british ocean liner lusitania by a german u-boat in 1915; almost 2,000 people perished, including 128 americans. along with news of the zimmerman telegram threatening an alliance between germany and mexico, wilson asked congress for a declaration of war against germany. the u.s. officially entered the conflict on april 6, 1917.