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Among the competing usage of resources, the main cause of the "Problem of Choice" in every economy is

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Among the competing usage of resources, the main cause of the "Problem of Choice" in every economy is

a

Abundance of resources

b

Scarcity of resources

c

Misuses of resources

d

No uses of resources

✓ Correct answer: b)

Scarcity of resources

Explanation

Resources are limited but have multiple uses, which creates the problem of choice.

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