Problem
As individuals, we all know what scarcity means: not enough time (even the rich face a scarcity of time); insufficient income so we are unable to buy that new car, vacation home, or water-ski boat we want. But for nations as a whole, what does it mean to face scarcity?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.