Which of the following is an example of a scarce resource? Clean air Seawater Unlimited wants Time

## Step 1In economics, a scarce resource is defined as a resource that has a limited supply and is not available in abundance. This scarcity is due to the fact that the resource is not available in unlimited quantities, and there is a finite amount of it available.## Step 2Clean air and seawater are considered abundant resources because they are available in large quantities and are not limited. They are not scarce because they are not in short supply.## Step 3Unlimited wants, on the other hand, are not a resource at all. They are a concept that refers to the desire for goods and services that are not limited. They are not scarce because they are not a resource.## Step 4Time, however, is a scarce resource. It is limited and cannot be replenished. Everyone has the same 24 hours in a day, and once time has passed, it cannot be reclaimed. This makes time a scarce resource.