Which of the following disciplines is not a social science?a.psychologyb.mathematicsc.economicsd.political sciencee.sociology 2. In every economic system, scarcity imposes limitations ona.households, business firms, governments, and the nation as a wholeb.households and business firms, but not the governmentsc.local and state governments, but not the federal governmentd.households and governments, but not business firmse.business firms, governments, and the nation as a whole 3. Because households have limited incomes, they musta.rarely take vacationsb.live below the poverty linec.allocate their spending carefullyd.gamble in casinos frequentlye.save for the future

2. Scarcity occurs when there is limited availability of a commodity that may be demanded in the market. I.e having fewer resources than needed to fill human wants or needs.

So basically, when scarcity occurs, it means there is greater demand for a commodity than there is supply for that commodity and when this happen, everyone get affected which imposes limitations on ( household, individual, government and the nation as a whole).

3. Household that have limited incomes should allocate their spending carefully so as not to overspend.