Scarcity in economics arises because?

Scarcity in economics arises because?

A. the resources available are adequate B. individuals have limited time C. resources are limited in supply D. human beings have limited wants E. individual wants are equal to the resources available Correct Answer: Option C – resources are limited in...
Scarcity in economics arises because?

Economics is the study of how to?

A. choose between alternatives, given limited resources B. regulate the money that is in circulation in a country C. be prudent in the use of available resources D. improve the standard of living of the society at large E. arrange our needs in order of usefulness...

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