Question
The basic economic problem results from scarcity.
a. True
b. False
a. True
b. False
Answers
GPT-4o mini
a. True
The basic economic problem arises from scarcity, which means that resources are limited while human wants are unlimited. This discrepancy necessitates making choices about how to allocate resources effectively.
The basic economic problem arises from scarcity, which means that resources are limited while human wants are unlimited. This discrepancy necessitates making choices about how to allocate resources effectively.