Multiple choice

The central problem in economics is of

  1. production

  2. assets allocation

  3. money

  4. scarcity
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Scarcity occurs when people want more of something than it is already available. In economics, scarcity forces people to make choices, as everyone cannot have everything. Without scarcity, an economy cannot exist.

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