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Scarcity is a situation in which ……….. ....

Scarcity is a situation in which ……….. .

A

1.wants exceed the resources available to satisfy them

B

2.something is being wasted

C

3.people are poor

D

4.none of them.

Text Solution

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The correct Answer is:
a
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FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
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  3. Scarcity is a situation in which ……….. .

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  4. Production Possibilities Curve is also known as

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  5. A lot of people die and many factories are destroyed due to floods in ...

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  6. Which of the following is not a subject matter of microeconomics?

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  7. Which of the following is an assumption of Production Possibility Fro...

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  8. Why does an economic problem arise?

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  9. State any two causes of economic problem.

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  10. State two characteristics of the economic resources which give rise to...

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  11. Why does the problem of choice arise?

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  12. Explain three factors that lead to an economic problem.

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  13. Give reasons for the following statements: (i) Every economy has to ...

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