Write a three-to five-sentence paragraph in which you identify the role that scarcity plays in economics. Then, write another three-to five-sentence paragraph in which you
identify the role that incentives play in the decision-making process.

Economic resources are scarce. Faced with this scarcity, we must choose how to allocate our resources. Economics is the study of how societies choose to do that. Microeconomics focuses on how individuals, households, and firms make those decisions.

Explanation:

Scarcity is why economics exist: we wouldn't have to worry about how scarce resources are allocated if those resources were unlimited. It should be emphasized that economics is primarily concerned with the scarcity of resources.

we need a diagram to you sorry

answer; /// i believe the correct answer is general act charters;