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Economics · May / June 2018 · Paper 11 · Question 3

2281The nature of the basic economic problem

What is the cause of the economic problem facing all countries?

  1. Aclimate change and global warming
  2. Bsignificant quantities of unemployed resources
  3. Cuneven distribution of income and wealth
  4. Dunlimited wants in relation to limited resources

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Correct answer: D. unlimited wants in relation to limited resources

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