When a society cannot produce all the goods and services people wish to have, it is said that the economy is experiencing Naim 23:06 ECO101 When a society cannot produce all the goods and services people wish to have, it is said that the economy is experiencing a. scarcity. b. surpluses. c. inefficiencies. d. inequalities. Answer: a Learn More : Share this Share on FacebookTweet on TwitterPlus on Google+