Question : Scarcity and ______ go together.
Option 1: Choice
Option 2: Available resources
Option 3: Non-renewable resources
Option 4: All of the above
Correct Answer: Choice
Solution : The scarcity of resources are a common feature of every economy and it gives rise to the problem of choice. If sources were available in plenty, there would not have been any problem of choice. Hence the correct option is 1.
Question : Economics is all about making choices in the presence of ________.
Question : Economizing of resources means __________
Question : Basic problem of the economy is
Question : Economizing of resources refers to ___________________
Question : Scarcity is _______.
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