The need to construct a scale of preference is necessitated by ________?

By: |Published on: Oct 18|Categories: Economics JAMB| 0 comments

A. scarcity and the need for choice
B. The needs to satisfy wants
C. Non – availability of factors of production
D. Scarcity of resources

Correct Answer:

Option A – scarcity and the need for choice

Users Also Read These:

SEE ALSO  Which of the following forms of economic integration is a member nation free to impose duty against?

Copyright warnings! Do not copy.