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The Scarce Re...

Question

The Scarce Resources Of An Economy Have:

A

Single Usages

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B

Unlimited Usages

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C

Competing Usages

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D

All Of These

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Solution

The correct option is C
Competing Usages

The correct answer is (C) Competing Usages

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Similar questions

Q. What was the reason for scarce resources in Indian domestic market?

Even when resources and technology are constant, an economy may not operate on the PPC.

Q. evaluate whether the resource that is scarce is more important or less important than other resources?

With fuller utilisation of resources, an economy can shift to a point beyond PPC.

Q. How is production possibility frontier affected when resources are inefficiently employed in an economy?

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SOCIAL SCIENCE

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Standard VIII Social Science

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