The economic concept of scarcity refers to the idea that: A. People should take more risks when creating new businesses
B. People use many different factors of production to make goods.
C. People have limited resources to fulfill their unlimited wants
D. People develop valuable knowledge and skills over their lifetimes.

people have limited resources to fulfill their unlimited wants.

Which of the following arguments decided the debate over using the atomic bomb against japan in 1945? using the bomb would destroy the armaments still available to japanese forces in japan. using the bomb would demonstrate the power of the united states to the entire world. using the bomb would shorten the war and avoid heavy casualties among invading troops. using the bomb would enable allied forces to invade and take over the japanese mainland