Whatever form an economic system may take, choice is esse...
Whatever form an economic system may take, choice is essential for members of the community because resources are_________
Scarce
Unlimited
Free
Many
Correct answer is A
The basic problem of every society in any type of economic system, be it capitalist, socialist and mixed economy is choice and scarcity because resources are limited.
Which of the following is the function of a central bank? ...
A country is said to be overpopulated when ...
Which would you NOT consider an advantage of one-man business? ...
In market economy, the question of what, how and for whom to produce are solved by the ...
An efficient weapon used in resolving dispute between employers and employees is ...
Nigeria is currently implementing the ...
Price elasticity supply measures the responsiveness of quantity supplied to ...