English

Which of the following is a cause of economic problem?

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Question

Which of the following is a cause of economic problem?

Options

  • Scarcity of Resources

  • Unlimited Wants

  • Alternative Uses

  • All of these

MCQ
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Solution

All of these

Explanation:

Economic problems arise because resources are scarce, wants are unlimited, and resources have alternative uses. Therefore all three are causes of the economic problem.

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Chapter 1: Introduction - OBJECTIVE QUESTIONS [Page 1.34]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 1 Introduction
OBJECTIVE QUESTIONS | Q 22. | Page 1.34
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