Chapter 8 Building Blocks in Economics the Problem of Choice - Part 4

Which of the following best illustrates scarcity at the government level?

Type: MCQ • Marks: 1
Which of the following best illustrates scarcity at the government level?
Options
A. Government can satisfy every demand simultaneously
B. Limited public funds must be divided among healthcare, education and infrastructure
C. Public funds are unlimited
D. All projects have zero cost
Explanation
Explanation: Governments face competing priorities because public resources are limited.
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Class 9th Understanding Society India and Beyond, Part I

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