WAEC Economics 1991 (August) Question 2

Question 2

Basic Concepts

Choice is necessary because resources

  1. A.are available
  2. B.can be found everywhere
  3. C.are constant
  4. D.are scarce
  5. E.are unlimited.
Show the answer and explanation

Answer: D (are scarce)

Explanation

Because resources are scarce we cannot satisfy every want, so we must choose.