Post Utme Ksu 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice
Question 27 POST_UTME_KSU • 2018 • ECONOMICS • objective

The concept of scarcity refers to the limited availability of resources. Which of the following is a characteristic of scarcity?

Answer Options

A. Scarcity is a characteristic of abundance.
B. Scarcity is a characteristic of plenty.
Correct Answer C. Scarcity is a characteristic of limited availability.
D. Scarcity is a characteristic of unlimited availability.
Correct Answer
C
Correct Option:
Scarcity is a characteristic of limited availability.

About This Question

This is Post Utme Ksu 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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