The economizing problem is
A)the need to make choices because economic wants exceed economic means.
B)how to distribute resources equally among all members of society.
C)that people's means often exceed their wants.
D)that people do not know how to rationally allocate resources.

Question

Quizplus · Accepted Answer

The economizing problem arises because resources are limited while human wants are unlimited, necessitating choices about how to allocate resources efficiently to satisfy as many wants as possible.

The Economizing Problem Is