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The study of economics is necessary mainly because of

Economics
JAMB 2016

The study of economics is necessary mainly because of

  • A. Unemployment
  • B. Unlimited resources
  • C. Scarcity of resources
  • D. Overpopulation
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Correct Answer: Option C
Explanation

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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