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Question Practice

In economic terms, what does 'scarcity' imply?

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

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Introduction
Question Bank

In economic terms, what does '...

Single Answer MCQ
Q-00089272

In economic terms, what does 'scarcity' imply?

1

Unlimited resources for consumption

2

Limited resources to meet unlimited wants

3

Resources are always equally distributed

4

Resources cannot be replenished

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