What is the basic task that economists expect the market to carry out?
A)Deal with the fundamental problem of scarcity
B)Balance the government's budget
C)Lessen wants to the level of income available
D)Meet all human wants

Question

Quizplus · Accepted Answer

The fundamental problem of scarcity is the idea that there are limited resources but unlimited wants and needs. Economists expect the market to efficiently allocate these scarce resources to maximize utility and welfare.

What Is the Basic Task That Economists Expect the Market