Question

Does the richest person in the world face the problem of​ scarcity?
A. ​Yes, because even if you have money you will never be able to satisfy all of your wants and must therefore make choices.
B. ​No, because having money means that you can buy whatever you want to buy.
C. ​No, because having money means that you do not have to choose between present and future consumption.
D. ​Yes, because if the rich were to purchase a lot of goods at one time shortages would result.

Answer 1

Answer:Yes, because even if you have money you will never be able to satisfy all of your wants and must therefore make choices.

Explanation:

Economists say our "want " exceeds our "have" nomatter what the state of economy we find ourselves in but what we want always exceed what we have.

We may accumulate the greatest riches of this world but still we may even desire and want to buy another planet hypothetically speaking.

We are always craving for more than what we have no matter how large or huge what we have is but still our hearts yearns for more than that.

The more wealth we accumulate the more our desires increase because we keep wanting the next thing that is better than what we already have.