The central problem in economics is that of
A. Comparing the success of command versus market economies.
B. Guaranteeing that production occurs in the most efficient manner.
C. Guaranteeing a minimum level of income for every citizen.
D. Allocating scarce resources in such a manner that society’s unlimited needs or wants are satisfied in the best possible manner.
Answer:D
The central problem in economics is that of
A. Comparing the success of command versus market economies. B. Guaranteeing that production occurs in the most efficient manner. C. Guaranteeing a minimum level of income for every citizen. D. Allocating scarce resources in such a manner that society’s unlimited needs or wants are satisfied in the best possible manner.