Which of the following situations can give rise to economic problems?

Jude.C

5 years ago

Question 4d

Which of the following situations can give rise to economic problems?
Correct Answer: is "C"Limited means available for satisfying wants

Explanation

When means exceeds human want, there arises a problem of scarcity and competition for limited resources which may, in turn, cause economic problems.

Baby567

1 year ago

which answer is correct is it A or C

Deepthinker581

4 years ago

The answer is correct
Don't be confused
C looks appropriate but you have to consider the two economic approved main reasons before answering such question

Two main reasons are
*Unlimited human wants and
*Scarcity of human resources