ECONOMICS (CBSE/UGC NET)

ECONOMICS

SCARCITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
There are enough resources available in the world to meet everyone’s wants and needs.
A
False
B
True
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -There are enough resources available in the world to meet everyone’s wants and needs. In a free enterprise economy, resources are free so anyone can obtain them. The U.S. economy has many characteristics of a private enterprise economy.

There is 1 question to complete.