Question : Difference between resources and human wants
Option 1: Resources are scarce but human wants are unlimited
Option 2: Resources have alternative uses and human wants differ in priorities
Option 3: Both 1 and 2
Option 4: None of these
Correct Answer: Both 1 and 2
Solution : Following are the differences in resources and human wants:
Hence, the correct option is 3.
Question : Human wants differ in ________.
Question : Reason/s of economic problem is/are _______
Question : The basic economic problem confronting all societies is how to allocate scarce resources between
Question : Economic problem is a problem of ________.
Question : Which of the following claims regarding human capital is accurate?
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