The correct answer is False
Explanation:
A resource, that is considered as scarce is any resource product or good that is limited in availability, it means this resource might be difficult to get or produce and thus there are just limited units of this as the demand of the product is high than the supply of it, examples of scarce resources include gold, rare minerals and fresh water which can only be exploited in a limited way in comparison to others such as fruits or produced massively. Thus, the main factor that determines whether a resource is considered as scarce or not is the availability of it and not the price, an example of this is that the price of fresh water is low while gold is expensive and both are scarce resources. Thus, it is false a resource is considered scarce if it is expensive.
