Question on: WAEC Economics - 2014
Human want are unlimited because
A
production is inadequate
B
resources have alternative uses
C
new wants always rise
D
resources are limited
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Correct Option: C
It means that people never get enough, that there's always something else that they would want or need. Unlimited wants and needs are one half of the fundamental problem of scarcity that has plagued humanity since the beginning of time. The other half of the scarcity problem is limited resources.
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