Why is resource allocation important?

Type: MCQ • Marks: 1

A. All goods are unlimited

B. Resources have no alternative uses

C. Wants are absent

D. Resources must be directed toward competing uses

Explanation

Explanation: Allocation determines how scarce resources are used to satisfy different wants.

Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test. Purchase Now

Class 9th Understanding Society India and Beyond, Part I

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

Welcome to TutorWale!