Question

Economics can be a tool to solve the fundamental problem in economics which is_________ in the production of goods and services.

Answer 1

Answer:

Economics can be a tool to solve the fundamental problem in economics which is increase in the production of goods and services.

Explanation:

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Answer 2

Economics can be a tool to solve the fundamental problem in economics which is finite supply  in the production of goods and services.

Explanation:

• The underlying economic dilemma is one of scarcity and how to appropriately generate and distribute limited resources.
• Scarcity implies a limited availability of commodities and raw materials.
• Because resources are finite, they are restricted and may run out.
• People's desires are limitless, which means there is no limit to the number of things and services they would like to consume.
• People desire to consume more than they can create because they have endless needs (scarcity).