Post Utme Bsu 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Bsu Economics examination.

Post Utme Bsu 2017 Economics Objective / Multiple Choice
Question 33 POST_UTME_BSU • 2017 • ECONOMICS • objective

The concept of scarcity in economics refers to the

Answer Options

A. inability to produce a good or service at a lower \cost
B. inability to produce a good or service at a higher quality
Correct Answer C. inability to meet the wants and needs of society with the available resources
D. inability to produce a good or service at a faster rate
Correct Answer
C
Correct Option:
inability to meet the wants and needs of society with the available resources

About This Question

This is Post Utme Bsu 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Bsu Economics examination.

View More Post Utme Bsu 2017 Economics Questions More Post Utme Bsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support