O-LevelEconomicsThe basic economic problem2281/11 · May/June 2017 · Q11 Mark
Which combination of terms gives the general definition of the economic problem?
Abigger families, less food, starvation
Bfalling supply, rising demand, shortage
Chigher population, fewer jobs, unemployment
Dlimited resources, unlimited wants, scarcity
✓ Correct answer
D: limited resources, unlimited wants, scarcity
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