Question

Which of the following is not concern with the problem of choice? 1
(a) Excessive income (b)unlimited wants (c) limited (scarce) resources (d) alternative uses

Answer 1

Answer:

I hope you help..

Explanation:

When there is excessive income in the economy then a large part of it is spent on consumption of goods and services and its a human tendency that human needs are unlimited, so when the selection is done between various commodities in the market it is very difficult for all the consumers to decide the product being rational so they face problems inchoosing the product.

Answer 2

Answer:

Option A

When there is excessive income in the economy then a large part of it is spent on consumption of goods and services and its a human tendency that human needs are unlimited, so when the selection is done between various commodities in the market it is very difficult for all the consumers to decide the product being rational so they face problems inchoosing the product.