Economic problems arise mainly as a result of ____________
A. inaccurate statistical data B. excessive wastage of available resources C. lack of foresight on the part of resource users D. limitations in available resources.
Correct Answer: D
Explanation
The fundamental problem in economics is scarcity which simply means limitation in available resources relative to human wants. Whenever there is a limitation in the supply of resources, relative to wants. there is economic problem.
