The individual's limited income problem:
A)persists only because countries have failed to achieve continuous full employment.
B)exists because material wants are limited.
C)has been solved in all industrialized nations.
D)has been eliminated in affluent societies such as Canada and the United States.

Question

Quizplus · Accepted Answer

The problem of limited income exists because there are limited resources to meet unlimited wants and needs. Even in affluent societies, individuals may still experience limited income depending on various factors such as employment status, education level, and cost of living.

The Individual's Limited Income Problem