Chapter 8 Building Blocks in Economics the Problem of Choice - Part 3

A piece of land can be used for farming or a factory. This illustrates:

Type: MCQ • Marks: 1
A piece of land can be used for farming or a factory. This illustrates:
Options
A. Unlimited resources
B. Alternative uses of resources
C. No scarcity
D. Zero opportunity cost
Explanation
Explanation: The land can serve competing purposes, so choosing one use involves a trade-off.
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