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Why is scarcity the fundamental economic problem?
A
Resources are underused, but human wants are effectively unchanging.
B
Resources are finite, but human wants are effectively unlimited.
C
Resources are unequally distributed, but human wants are always identical.
D
Resources are unlimited, but human wants are effectively finite.
Card 1 of 19
1.1.4 Scarcity, choice and the allocation of resources Flashcards
19 flashcards on AQA A Level Economics 1.1.4 Scarcity, choice and the allocation of resources: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.