Question: All countries, rich or poor, face scarcity of resources. Why would the United States, the richest country in the world, face scarcity?

All countries, rich or poor, face scarcity of resources. Why would the United States, the richest country in the world, face scarcity?

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Scarcity is a fundamental concept in economics that affects every country regardless of wealth because it refers to the basic economic problem of havi... View full answer

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