Question

In economics the central problem is :
(A)
Allocation
(B)
Consumption
(C)
Scarcity
(D)
Money​

Answer 1

In economics the central problem is :

(C) Scarcity

Answer 2

Concept:

The economics is the branch of knowledge in which we study about the scarcity of resources and unlimited wants.

Given:

In economics the central problem is Allocation, Consumption, Scarcity and Money​.

To find:

In economics the central problem is

Solution:

The scarcity of resources shows that the choice is made of what to produce, how to produce and for whom to produce is taken in such a manner that the resources are used effectively and efficiently.