Order the steps that illustrate how a society makes fundamental economic choices when faced with limited resources: A) Identify competing wants and needs, B) Allocate resources to maximize satisfaction, C) Evaluate the trade-offs involved, D) Decide on the most efficient use of resources.

When a society faces limited resources, it starts by identifying competing wants and needs. This means figuring out what people want most urgently and what is most important for their well-being. Next, the society evaluates the trade-offs involved, which helps them understand what they must give up to satisfy those wants and needs. After considering the trade-offs, they decide on the most efficient use of resources, ensuring that they are used in a way that benefits the community the most. Finally, they allocate resources to maximize satisfaction, putting their plan into action to meet the needs they identified at the beginning.