A central and fundamental theme in economics is that:
A) wants are limited.
B) Canada is a rich country,but we are simply not aware of it.
C) people have unlimited wants but limited means to satisfy them.
D) resources are unlimited.

Question

Quizplus · Accepted Answer

This is a basic concept in economics known as scarcity. People have unlimited wants but limited resources to satisfy them, leading to the need for choices and trade-offs.

A Central and Fundamental Theme in Economics Is That