Question : Basic problem of the economy is
Option 1: scarcity of resources
Option 2: curb inflation
Option 3: reduce unemployment
Option 4: All of the above
Correct Answer: scarcity of resources
Solution : The problem of limited resources and unsatisfied needs is the core issue in economics. Hence, the correct option is 1.
Question : Economics is all about making choices in the presence of ________.
Question : Scarcity and ______ go together.
Question : Economic problem is a problem of ________.
Question : Which of the following unemployment is the result of depression in an economy?
Question : A recession is characterized by:
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