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The basic economic problem of scarcity arises because

2175Medium DSSSB TGT Computer Science 0 replies 1 views
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The basic economic problem of scarcity arises because

  • Aresources are unlimited
  • Bhuman wants are unlimited while the resources are limited
  • Cthe government controls all prices
  • Dmoney is not available
Correct answer: B

Explanation

Because wants are unlimited and resources are limited and have alternative uses, every society must choose what, how and for whom to produce.
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