Which of the Following Statements Best Describes the Economic Concept

Multiple Choice

Which of the following statements best describes the economic concept of scarcity?

A) Society is not employing all of its available resources in an efficient manner.
B) People's wants can never be satisfied by the available resources.
C) Scarcity afflicts only poor countries.
D) Too many frivolous goods and services are produced at the expense of socially desirable goods and services.
E) Production is efficient,but distribution is inefficient.