Question

Using complete sentences, describe the central economic problem facing all humans. Why does this require people to make choices? How can this result in opportunity costs?

Answer 1

Answer:

All societies face the economic problem, which is the problem of how to make the best use of limited, or scarce, resources. The economic problem exists because, although the needs and wants of people are endless, the resources available to satisfy needs and wants are limited.

Answer 2

Answer:

Best answer is the answer that the other guy said.  Hope this helped :D