BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a question that results from scarcity?
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What will be produced?
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Where will it be produced?
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How will it be produced?
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For whom will it be produced?
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Explanation:
Detailed explanation-1: -Money, space, time, and energy are not scarce because you don’t have as much of them as you want.
Detailed explanation-2: -Air, water, and sunlight are not the economic resources. This is because these resources are present in abundance which means they are not scarce. The example of economic resources are land, labour, capital. Was this answer helpful?
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