Chapter 8 Building Blocks in Economics the Problem of Choice - Part 4
Which statement provides the most complete summary of “Building Blocks in Economics: The Problem of Choice”?
Type: MCQ • Marks: 1
Which statement provides the most complete summary of “Building Blocks in Economics: The Problem of Choice”?
Options
A. Limited resources and unlimited or changing wants create scarcity, forcing individuals, enterprises and governments to make choices involving opportunity costs and decisions about what, how and for whom to produce
B. Economics deals only with buying and selling goods
C. Economic choices are unnecessary because resources are unlimited
D. Only governments face economic problems
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