Question 1

Scarcity in Economics means that resources

  • A.Are not enough to share among producers of goods and services
  • B.Needed to satisfy human wants are limited
  • C.Are never enough to share among consumers of goods and services
  • D.Required to meet our essential wants are unlimited
  • E.Can be managed if those who use them can behave rationally
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1989
Question no.
#1
Type
Objective

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