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Scarcity in economics means that?

Economics
JAMB 1988
Scarcity in economics means that?
  • A. human wants are limitless
  • B. the economy has very few resources
  • C. the economy can scarcely produce anything
  • D. resources are limited in relation to wants
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Correct Answer: Option D
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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