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Economics problems arise in all societies because

Economics
JAMB 2022

Economics problems arise in all societies because

  • A. resources are mismanaged by leaders
  • B. there is no proper planning
  • C. resource are not in adequate supply
  • D. the services of economists are not employed
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Correct Answer: Option C
Explanation

The basic problem of every society arise as a result of scarcity i.e limited supply of resources since our wants are unlimited.

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