In every economic system, choices must be made because resources
A) are unlimited, but human desires and wants are limited.
B) are limited, but human desires and wants are unlimited.
C) are unlimited, and so are human desires and wants.
D) are limited, and so are human desires and wants.

Question

Quizplus · Accepted Answer

This is because resources are limited, but human desires and wants are unlimited. No matter how many resources are available, there will always be more wants and desires to be fulfilled. Therefore, choices must be made to allocate resources efficiently and effectively.

In Every Economic System, Choices Must Be Made Because Resources