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The central problems of an economy are due to
  • a)
    Scarce resources
  • b)
    Unlimited choice
  • c)
    Limited choice
  • d)
    Unlimited resources
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The central problems of an economy are due toa)Scarce resourcesb)Unlim...
Central economic problem asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. It assumes that human wants are unlimited, but the means to satisfy human wants are scarce.
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The central problems of an economy are due toa)Scarce resourcesb)Unlimited choicec)Limited choiced)Unlimited resourcesCorrect answer is option 'A'. Can you explain this answer?
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