Economic goods are considered scarce resources because they
  • a)
    cannot be increased in quantity.
  • b)
    do not exist in adequate quantity to satisfy social requirements.
  • c)
    are of primary importance in satisfying social requirements.
  • d)
    are limited to man made goods.
Correct answer is option 'B'. Can you explain this answer?

CA Foundation Question

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This discussion on Economic goods are considered scarce resources because theya)cannot be increased in quantity.b)do not exist in adequate quantity to satisfy social requirements.c)are of primary importance in satisfying social requirements.d)are limited to man made goods.Correct answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Economic goods are considered scarce resources because theya)cannot be increased in quantity.b)do not exist in adequate quantity to satisfy social requirements.c)are of primary importance in satisfying social requirements.d)are limited to man made goods.Correct answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Economic goods are considered scarce resources because theya)cannot be increased in quantity.b)do not exist in adequate quantity to satisfy social requirements.c)are of primary importance in satisfying social requirements.d)are limited to man made goods.Correct answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
This discussion on Economic goods are considered scarce resources because theya)cannot be increased in quantity.b)do not exist in adequate quantity to satisfy social requirements.c)are of primary importance in satisfying social requirements.d)are limited to man made goods.Correct answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Economic goods are considered scarce resources because theya)cannot be increased in quantity.b)do not exist in adequate quantity to satisfy social requirements.c)are of primary importance in satisfying social requirements.d)are limited to man made goods.Correct answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Economic goods are considered scarce resources because theya)cannot be increased in quantity.b)do not exist in adequate quantity to satisfy social requirements.c)are of primary importance in satisfying social requirements.d)are limited to man made goods.Correct answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.