Question

What do economies aim to achieve in tackling the economic problem of scarcity?

A.equal balance between public and private sectors
B. equal reward for equal effort
C. increased competition in the use of resources
D. optimum allocation of finite resource

Answer 1

I believe it is D because the problem of allocation of resources arises due to the scarcity of resources.

It refers to the question of which human want should be satisfied and which should be left unsatisfied