[Answer] Which statement best describes the impact of scarcity?People are able to meet most of their needs.Consumers must pay higher prices for many items.Governments must try to meet the wants of citizens.Economies can work to provide more goods and services.

Answer: Consumers must pay higher prices for many items.
Which statement best describes the impact of scarcity?People are able to meet most of their needs.Consumers must pay higher prices for many items.Governments must try to meet the wants of citizens.Economies can work to provide more goods and services.

Most people in both advanced and emerging economies believe that trade increases prices . 35 percent of people in advanced economies and 56 percent in emerging economies believe trade increases prices and 29 percent and 18 per…

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