passwella.
Menu

WAEC Economics 2019 Question 1

Question 1

Basic Concepts

The fundamental economic problem in every society is

  1. A.the large number of the unemployed.
  2. B.inadequate supply of money.
  3. C.corruption and mismanagement.
  4. D.limited supply of productive resources.
Show the answer and explanation

Answer: D (limited supply of productive resources.)

Explanation

Every society faces scarcity: limited resources against unlimited wants.