Question

A basic concept in economics is that all resources are
A) Valuable
B) Limited
C) Renewable
D) Allocated

Answer 1

Hello mate

here's your answer

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Option B✔✔

A basic concepts in economics is that all resources are limited.

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Hope it helps you

Answer 2

the answer is B

the basic concept of economics resources is that they are limited.

●. Economic resources are the resources which is given by government whenever it is needed , as these are in limited quantity.

● Economic resources are in limited quantity. Economic resources are the resources which is used for producing goods .

●Economic resources are two types
1. Human resources
2. Non human resources

● If there is no resources available our economy doesn't preserve or does not run .
Economic resources are in limited quantity. So people have to use very safely .

● If there is no resources is left so there are so many problems arises . So the statement is true Economic resources are limited.

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