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Question

When only a limited amount of resources are available to satisfy a consumer's wants, he/she must


A

Choose an alternative

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B

Wait for them

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C

Demand more

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D

Either A or B

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Solution

The correct option is A

Choose an alternative


Scarcity is the basic economic problem of the gap between unlimited wants and limited resources. In the case of limited resources, one must choose an alternative.


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