(a) Why is scarcity a fundamental problem in Economics? [6 marks] (b) Give a reason on why Economics is a (i) science; (ii) social science [3 marks each] (c...
(a) Why is scarcity a fundamental problem in Economics? [6 marks] (b) Give a reason on why Economics is a (i) science; (ii) social science [3 marks each] (c) How do governments solve the problem of scarcity? [8 marks