Scarcity in Economics means that resources
...Scarcity in Economics means that resources
Are not enough to share among producers of goods and services
Needed to satisfy human wants are limited
Are never enough to share among consumers of goods and services
Required to meet our essential wants are unlimited
Can be managed if those who use them can behave rationally
Correct answer is B
No explanation has been provided for this answer.
A form of tax that is mildly progressive and regressive is______ ...
One of the functions of of the international Monetary Fund (IMF) is to ...
A country is described as developing if ...
The greatest revenue earning industry in Nigeria is ...
In order to stabilize oil price in the world market, there is the need for OPEC members to ...
A good indicator of economic development is an increase in ...
The choice of how to produce in a command economy is determined by ...
In recent times, agriculture in Nigeria tends to lose its vital labour force as a result of ...
Balance of payment deficit in Nigeria CANNOT be solved by ...