Sail E0 Webinar
Question
Which of the following is not concerned with the problem of choice
Options:
A .  Alternative uses of resources
B .  Excessive income
C .  Unlimited wants
D .  Limited (scarce) resources
Answer: Option B
:
B
The problem of choice is concerned with how limited resources are rationally allocated to alternative uses when consumers and producers have unlimited wants.

Was this answer helpful ?
Next Question

Submit Solution

Your email address will not be published. Required fields are marked *

Latest Videos

Latest Test Papers