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

## Step 1<br />In 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.<br /><br />## Step 2<br />Clean 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.<br /><br />## Step 3<br />Unlimited 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.<br /><br />## Step 4<br />Time, 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.