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Whatever form an economic system may take, choice is essential for members of the ...

Whatever form an economic system may take, choice is essential for members of the community because resources are__________
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  • A Scarce
  • B Unlimited
  • C Free
  • D Many
Correct Answer: Option A
Explanation:
The basic problem of every society in any type of economic system, be it capitalist, socialist and mixed economy is choice and scarcity because resources are limited.

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