Post Utme Aaua 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_AAUA • 2018 • ECONOMICS • objective

The concept of scarcity is central to the study of economics. Which of the following best describes the concept of scarcity?

Answer Options

A. The unlimited availability of resources to meet unlimited wants.
B. The limited availability of resources to meet unlimited wants.
C. The unlimited availability of resources to meet limited wants.
Correct Answer D. The limited availability of resources to meet limited wants.
Correct Answer
D
Correct Option:
The limited availability of resources to meet limited wants.

About This Question

This is Post Utme Aaua 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

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