O-LevelEconomicsThe basic economic problem2281/11 · Oct/Nov 2011 · Q11 Mark
Every business organisation faces the problem of satisfying wants. What is the reason why wants are not fully satisfied?
AAn economy can only produce a limited amount of goods and services.
BGovernments cannot print enough money to pay for goods and services.
CThere is an over-production of goods and services by business organisations.
DWorkers are too skilled for the requirements of the jobs available.
✓ Correct answer
A: An economy can only produce a limited amount of goods and services.
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