What is the reason that all economic issues and problems occur?
A) All nations use some form of money to buy and sell goods and services.
B) Humans are always wasteful and inefficient in production and consumption.
C) Powerful governments are able to control production and consumption.
D) Human wants exceed the resources available to satisfy them.
E) People seek only their own self-interest.

Question

Quizplus · Accepted Answer

Economic issues and problems occur because human wants and needs are unlimited, while the resources to satisfy these wants and needs are limited. This scarcity leads to the need for choices and trade-offs, creating economic issues and problems.

What Is the Reason That All Economic Issues and Problems