Whatever form an economic system may take, choice is esse...
Whatever form an economic system may take, choice is essential for members of the community because resources are_________
Scarce
Unlimited
Free
Many
Correct answer is A
The basic problem of every society in any type of economic system, be it capitalist, socialist and mixed economy is choice and scarcity because resources are limited.
Total of all expenditure incurred during the year ₤80,000 m Indirect taxes on goods and services ...
Which of the following is true of the value of money? It ...
Every society strive to pursue all the following economic objectives except ...
The total revenue of the firm is represented by ...
If the supply of a product is elastic, a small reduction in price will ...