The fundamental economic problem is:
A)poverty.
B)unemployment.
C)scarcity.
D)inflation.

Question

The fundamental economic problem is:
A)​poverty.
B)​unemployment.
C)​scarcity.
D)​inflation.

Quizplus · Accepted Answer

The fundamental economic problem is scarcity, which means that there are limited resources but unlimited wants and needs. This creates competition for resources and the need to make decisions about how to allocate them efficiently. Poverty, unemployment, and inflation are all consequences of scarcity, rather than the root problem itself.

The Fundamental Economic Problem Is