Which of the following is a cause of an economic problem?

A Scarcity of resources

B Alternative uses

C Unlimited wants

D All of the above

Correct Answer: All of the above

Scarcity of resources, Alternative uses and Unlimited wants are the cause of an economic problem. Factors like production costs and labor affect the cost of scarce items. If the unlimited wants and needs of a particular good can be met by resources, then it is not considered scarce. This would require the resources to be unlimited as well for it to meet unlimited demand.

Bissoy MCQ Team

#Commerce #Economics

Related Questions

Bangladesh Economic Zone Authority is expected to open a special economic zone for Bhutan in which of the following districts?

At the end of given passage , some inferences drawn or supposed to be drawn from the paragraph are given. On the basis of the study of the paragraph, point out whether the inferences is- (a) Definitely true (b) Definitely false (c) probably true (d) probably false (e) can't say. Political freedom is incomplete and had little meaning without economic independence. Until the battle for economic independence is won, the emerging nation will be subjected to external pressure, which must be resisted. Bangladesh though herself in the throes of development has assisted the developing nations. Politically free countries must be economically free.

At the end of given passage , some inferences drawn or supposed to be drawn from the paragraph are given. On the basis of the study of the paragraph, point out whether the inferences is- (a) Definitely true (b) Definitely false (c) probably true (d) probably false (e) can't say. Political freedom is incomplete and had little meaning without economic independence. Until the battle for economic independence is won, the emerging nation will be subjected to external pressure, which must be resisted. Bangladesh though herself in the throes of development has assisted the developing nations. Developing nations must be helped by the other developing nations.

At the end of given passage , some inferences drawn or supposed to be drawn from the paragraph are given. On the basis of the study of the paragraph, point out whether the inferences is- (a) Definitely true (b) Definitely false (c) probably true (d) probably false (e) can't say. Political freedom is incomplete and had little meaning without economic independence. Until the battle for economic independence is won, the emerging nation will be subjected to external pressure, which must be resisted. Bangladesh though herself in the throes of development has assisted the developing nations. Economically poor countries are exploited by other nation.

At the end of given passage , some inferences drawn or supposed to be drawn from the paragraph are given. On the basis of the study of the paragraph, point out whether the inferences is- (a) Definitely true (b) Definitely false (c) probably true (d) probably false (e) can't say. Political freedom is incomplete and had little meaning without economic independence. Until the battle for economic independence is won, the emerging nation will be subjected to external pressure, which must be resisted. Bangladesh though herself in the throes of development has assisted the developing nations. Bangladesh is one of the developing countries.

Which economic indicator measures the total value of goods and services produced within a country's borders and is often used to assess the overall economic health of a nation?

Which economic theory suggests that government spending and tax cuts can stimulate economic growth during a recession?

With Japanese investors going for new investment destinations, Bangladesh has decided to set up an economic zone _______ for the entrepreneurs of the world's third largest economic power.

__________in his book 'Economic history of India' wrote 'If India is poor today it is through the operation of economic causes'

The first economic thinker of India who showed through his writings that the basic cause of India’s poverty lay in the British exploitation and drain of wealth was

Next steps

Browse more MCQs for practice
Take a merit test and check your score
Job preparation MCQs
Health Q&A on Bissoy

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1127)

Admission (755)

এসএসসি (13)

এইচএসসি (5)