Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

The scarcity of resources gives rise to one of the following problem. Choose the correct option.

Options:

Interest

Use

Choice

Technique

Correct Answer:

Choice

Explanation:
 The correct answer is Choice.

Scarcity of resources is a fundamental economic problem that arises because human wants are unlimited, but resources are limited. This means that there will always be more wants than resources to satisfy, which forces us to make choices.