What is the great economic problem?
A) to satisfy as many of our wants as possible with our scarce resources
B) to allocate resources so that there is no unemployment
C) to find a solution to natural resource depletion
D) to provide social justice to the exploited workers of the world

Question

Quizplus · Accepted Answer

The great economic problem is to satisfy as many of our wants as possible with our scarce resources. This is because resources are limited, but human wants are unlimited, which means that society must make choices on how to allocate those resources to best meet their needs and desires.

What Is the Great Economic Problem