Question

4. Write any two resources which are attentes
V. Answer the following questions in alyvu iste sentenons (each questiona
4 marks)
1. "We are not as lackay as Aladdin
me fustane s sesten
2. Scarcity is the root of all cconomic problems Explan for statement
3. Briefly explain how Statistics helps to study onomics
4. Statistical methods are no substitute for common sense Encian with the man
GOP lyet
, donuthie fundert
What is het
goodle costes Tasses​

Answer 1

Answer:

The basic root of economic problems arises from the fact that resources are limited and wants are unlimited thus the resources are scarce. Society must now choose what to produce, how to produce and for whom to produce.