Question 2
Basic ConceptsEconomic problems arise mainly as a result of
- A.inaccurate statistical data in West Africa
- B.excessive wastage of available resources
- C.lack of foresight on the part of resource users
- D.limitations in availability of resources.
Show the answer and explanation
Answer: D (limitations in availability of resources.)
Explanation
The basic economic problem comes from limited resources set against unlimited wants, which forces choice.