According to most economists, what is the fundamental economic problem?
A) unemployment
B) government intervention into markets
C) poverty
D) scarcity

Question

Quizplus · Accepted Answer

The fundamental economic problem is scarcity, which refers to the limited resources available to satisfy unlimited wants and needs. All economic decisions and trade-offs are based on this scarcity. While unemployment, government intervention, and poverty are important issues, they are not the primary focus of economics.

According to Most Economists, What Is the Fundamental Economic Problem