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Scarcity in Economics means that

Scarcity in Economics means that
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A The economy can scarecely produce anything
  • B Human wants are limitless
  • C The economy has very few resources
  • D Human wants are limited, relative to resources
  • E Resources are limited relative to wants
Correct Answer: Option E
Explanation:

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