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Question
The fundamental economic problem being faced is ______.
Options
Unlimited human wants
Limited wants and unlimited resources
Unlimited wants and scarcity of resources
Limited wants and limited resources
MCQ
Fill in the Blanks
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Solution
The fundamental economic problem being faced is unlimited wants and scarcity of resources.
Explanation:
The fundamental economic problem is that human wants are unlimited while resources are scarce. This scarcity of resources forces every society to make choices.
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