• Mayur Vihar 3 Delhi, 110096 India

Back to Test Series
Chapter 8 Building Blocks in Economics the Problem of Choice - Part 3

Which statement best explains scarcity?

Type: MCQ • Marks: 1
Which statement best explains scarcity?
Options
A. Scarcity means there are no resources
B. Scarcity exists because resources are insufficient to satisfy all wants simultaneously
C. Scarcity means everything is expensive
D. Scarcity means nobody has wants
Paid test series. Purchase the package to see the correct answer and explanation. Purchase Now
Class 9th Understanding Society India and Beyond, Part I

Practice more

This page is indexed for search so students can find questions directly from Google.

Purchase Full Access View full Test Series Browse Test Series
Login / Register
Go Back Top