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Economics · Oct / Nov 2020 · Paper 12 · Question 1

2281The nature of the basic economic problem

What causes economic agents to make choices?

  1. Alimited needs and wants
  2. Bthe existence of finite resources
  3. Cthe existence of free goods
  4. Dthe market mechanism

As printed in the paper

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Correct answer: B. the existence of finite resources

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