Question

The most important economic problem is that the resources used to satisfy our wants are limited in supply.

• A. True
• B. False

Answer 1

The correct option is A True

The most important economic problem is the scarcity of resources. The resources that are used to satisfy our wants are limited in supply. Due to this problem all the wants and desires of a man cannot be fulfilled as the wants are never-ending. This requires the efficient use of resources.