passwella.
Menu

WAEC Economics 2025 Question 27

Question 27

Basic Concepts

In Economics, it is necessary that choice be made mainly because

  1. A.goods have different prices.
  2. B.goods are of various qualities.
  3. C.consumers' wants differ.
  4. D.resources are inadequate.
Show the answer and explanation

Answer: D (resources are inadequate.)

Explanation

Scarce resources force us to choose.