'Choice arises because of scarcity of resources',...
'Choice arises because of scarcity of resources',In discussing this statement, Which of the following is NOT correct?
Human wants are numerous but the resources needed to satisfy them are limited
Given numerous wants and limited resources only individuals and businesss firms make choice
The process of making a choices involves opportunity cost
An economist is not interested morality or otherwise of any choice so made
Usually choice is made from a list of wants compliled in the context of a scale of preference
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a feature of Sole Proprietorship? ...
Deposit held in a commercial bank are part of ...
In a given set of data, if the variance is 25, what is the standard deviation? ...
The profit of a monopolist can be eliminated where price equals ...
Hoarding in distributive trade leads to ...
The circular flow of income defines the ...
Which of the following factors will not underestimate the national income? ...
The rate at which a country's export is exchanged for her imports is ...