Question

    Which of the statement is TRUE considering the Central problems of an economy?

    A Only a resource rich economy like Dubai is not faced with the problem of choice. X 2. Correct Answer Incorrect Answer
    B In every economic system, scarcity imposes limitations on households and firms but not the government. Correct Answer Incorrect Answer
    C Scarcity is only limited to man made goods Correct Answer Incorrect Answer
    D All human wants cannot be satisfied. Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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