Question

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1. Why does scarcity exist ?
a. Each year workers tend to produce less than previously.
b. Machines wear out with time.
c. There are not sufficient resources to produce all the products people want.
d. There is a limut to people's want.


2. Which of the following is a free good ?
a. Inoculation provided without charge by the state.
b. Products given away by a supermarket to attract customers.
c. Recycled paper.
d. Wind coming in from the sea.


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Answer 1

1.Why does scarcity exist ?

a. Each year workers tend to produce less than previously.

b. Machines wear out with time.

c.There are not sufficient resources to produce all the products people want.

d. There is a limut to people's want.

2.Which of the following is a free good ?

a. Inoculation provided without charge by the state.

b. Products given away by a supermarket to attract customers.

c.recycled papers

d. Wind coming in from the sea.

Underlined is the correct anser