Question

Scarcity of resources can be addressed by _______.

• A. better allocation of resources
• B. reduction of consumption
• C. check environment pollution
• D. change in education policy

Answer 1

The correct option is A better allocation of resources

The economic problem arises because the resources in the economy are scarce. The resources present in the economy are limited but the demand for them is unlimited.
Due to this, the wants of people remain unsatisfied. As a result, goods are not available and the economic problems related to the allocation of distribution of resources arises.
Thus, it is wise to use these resources effectively and efficiently.