Solved

The Fundamental Problem of Economics Is

Question 100

Multiple Choice

The fundamental problem of economics is


A) The law of increasing opportunity costs.
B) The scarcity of resources relative to human wants.
C) How to get government to operate efficiently.
D) How to create employment for everyone.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q95: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure

Q96: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" In Figure 1.4,a

Q97: Microeconomics is concerned with individual performance as

Q98: Which of the following is true when

Q99: The essential feature of the market mechanism

Q101: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" In Figure 1.6,if

Q102: Producing at a point inside the production

Q103: Which of the following is the best

Q104: Table 1.3 shows the hypothetical trade-off

Q105: How does the market mechanism answer the