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Which of the following can not be one of the key Economic Assumptions?a)Society has limited wants and unlimited Resourcesb)Due to scarcity, choices must be made. Every choice has a cost (a trade-off)c)Everyone responds to incentives and acts in their own “self-interest”d)Everyone makes decisions by comparing the marginal costs and marginal benefits of every choiceCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following can not be one of the key Economic Assumptions?a)Society has limited wants and unlimited Resourcesb)Due to scarcity, choices must be made. Every choice has a cost (a trade-off)c)Everyone responds to incentives and acts in their own “self-interest”d)Everyone makes decisions by comparing the marginal costs and marginal benefits of every choiceCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following can not be one of the key Economic Assumptions?a)Society has limited wants and unlimited Resourcesb)Due to scarcity, choices must be made. Every choice has a cost (a trade-off)c)Everyone responds to incentives and acts in their own “self-interest”d)Everyone makes decisions by comparing the marginal costs and marginal benefits of every choiceCorrect answer is option 'A'. Can you explain this answer?.

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