Economics · Scarcity and Choice
In economics, the fundamental problem of choice arises primarily because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Resources are entirely under the possession of the government
- 2Resources are scarce and have alternative uses✓
- 3Resources are completely fixed and owned by nature
- 4Human needs are highly urgent in nature
Correct answer
Resources are scarce and have alternative uses
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