Which of the following is an example of scarcity, rather than shortage?

a. a popular toy is sold out during the busy holiday season.
b.
you have spent your last penny and payday is a week away.
c.
a person wants an endless supply of everything but cannot have it.
d.
dairy items were rationed in america during world war ii.

The correct answer is C) :A person wants an endless supply of everything but cannot have it.

Even though scarcity and shortage may appear rather similar they are different.

By definition scarcity is inevitable which means that the quantity of a resource is limited naturally. On the other hand, shortage is not imposed by nature it is a situation created by men. It occurs when there is more demand than supply.

In this case, if the person cannot have the resource he or she wants for ever this means that the natural resource will inevitably stop existing at some point. This is an example of scarcity.

mali had been a state inside of the ghanaian empire. after ghana fell because of invading forces and internal disputes, mali rose to greatness under the leadership of a legendary king named sundiata, the "lion king." the songhai empire, already weakened by internal political struggles, went into decline.