Question : Economic problem is a problem of ________.
Option 1: Choice
Option 2: Scarcity
Option 3: Unlimited resources
Option 4: Alternative uses
Correct Answer: Choice
Solution : Economic problem is the problem of choice consisting satisfaction of unlimited wants out of limited resources having alternative uses. Hence the correct option is 1.
Question : Reason/s of economic problem is/are _______
Question : Economics is all about making choices in the presence of ________.
Question : Difference between resources and human wants
Question : Scarcity and ______ go together.
Question : The central economic problem of every society is
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