Question 2
Basic ConceptsOne way of solving the problem of scaricity that faces individuals is for
- A.the government to import goods massively so that the citizens can get all they want
- B.them to work very hard so that they are able to buy all their wants
- C.them to choose between alternatives since they cannot meet all their wants
- D.the government to study people's behaviour in order to know their wants
- E.them to use their resources as they want
Show the answer and explanation
Answer: C (them to choose between alternatives since they cannot meet all their wants)
Explanation
Since wants can never all be satisfied, individuals deal with scarcity by choosing between alternatives.