📚 Learning Guide
Scarcity in Economics
hard

If a society is experiencing a shortage of clean water, which of the following is the most likely underlying cause related to the concept of scarcity?

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Choose the Best Answer

A

Overpopulation leading to increased demand for resources

B

Mismanagement of existing water supplies

C

Technological advancements in water purification

D

Abundance of rainfall in the region

Understanding the Answer

Let's break down why this is correct

Answer

Scarcity in economics means that there are limited resources to meet the needs and wants of people. In a society facing a shortage of clean water, the underlying cause could be that the demand for water is greater than the available supply. This might happen due to factors like population growth, pollution, or climate change, which reduce the amount of clean water available. For example, if a city grows rapidly and more people need water for drinking and sanitation, but the rivers and lakes are polluted, there won't be enough clean water for everyone. Thus, the scarcity of clean water arises because the resources are not enough to satisfy the needs of the growing population.

Detailed Explanation

When more people live in an area, they need more water. Other options are incorrect because Some might think that poor management is the main issue; It's easy to believe that new technology can solve water issues.

Key Concepts

Scarcity
Resource Allocation
Trade-offs
Topic

Scarcity in Economics

Difficulty

hard level question

Cognitive Level

understand

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