Question

Both households and societies face economic problems because _____________.

• A. resources are scarce
• B. populations may increase or decrease over time
• C. wages for households and therefore society fluctuate with business cycles
• D. people by nature tend to disagree

Answer 1

Answer: (A)

resources are scarce

Household sector consumes various resources which are limited in means from the society. Therefore, the problem of these limited resources are faced by the households because their demands are unlimited and by the society as well because the society has to preserve these resources for future needs.