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I
Question Practice

Why might an economy experience scarcity despite advances in technology?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Economics
Statistics for Economics
Introduction
Question Bank

Why might an economy experienc...

Single Answer MCQ
Q-00062525

Why might an economy experience scarcity despite advances in technology?

1

Technology removes all limitations.

2

Wants are endless while resources remain limited.

3

Scarcity only occurs in developing countries.

4

Resources are always growing.

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