Post Utme Osustech 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Osustech Economics examination.

Post Utme Osustech 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_OSUSTECH • 2022 • ECONOMICS • objective

The concept of scarcity implies that

Answer Options

A. people have unlimited wants and needs
B. people have unlimited resources
Correct Answer C. people have limited resources to meet unlimited wants and needs
D. people have unlimited wants and needs, but limited resources
Correct Answer
C
Correct Option:
people have limited resources to meet unlimited wants and needs

About This Question

This is Post Utme Osustech 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Osustech Economics examination.

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