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What is one economic principle?
A. resources are unlimited
B. individuals have no rational self-interest
C. resources are limited
D. the wants of society are limited

Answer :

The correct answer is C on Gradpoint confirmed

Answer:

C. resources are limited

Explanation:

Economics began as a science were unlimited consumer wants are to be met with a limited amount of resources.

Let's illustrate this with the following example:

Given that natural resources as primary components of thing to be produced are at a limited rate, therefore, the economic principle of limited resources will help us make better choices for producing and consuming.

At least this was stated, and some thinkers like Maltus, important economics say that rates of food will not be able to keep up with a grown human population, thus leading to famines, wars, sickness

Maltus is remembered as a famous statistician and a proponent of political economy, in London.

Limited sources in a world where a human population is exponentially increasing while the natural resources can only aritmetically increase will led to inevitable conflict.

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