The basic economic problem of ________ has always existed and will continue to exist.
A)scarcity
B)efficiency
C)inflation
D)recession

Question

Quizplus · Accepted Answer

Scarcity refers to the limited resources available to satisfy unlimited human wants and needs. This problem has existed and will continue to exist as long as human wants and needs exceed the available resources to fulfill them. Efficiency, inflation, and recession are all economic issues that can arise from scarcity but are not the underlying problem itself.

The Basic Economic Problem of ________ Has Always Existed and Will