Question

Resources ______.

Options

• are scarce

• have alternative uses

• Both (a) and (b)

• None of these

Answer 1

Resources both (a) and (b).

Explanation:

Resources are scarce, meaning they are limited in quantity and cannot satisfy all human wants.

At the same time, resources have alternative uses, which means the same resource can be used for producing different goods and services. 

Therefore, both scarcity and alternative uses characterize resources.