Which of the following situations can give rise to economic problems?
Answer Details
The situation that can give rise to economic problems is limited means available for satisfying unlimited human wants. Simply put, human wants are infinite, but resources to satisfy these wants are limited. This creates scarcity, which leads to economic problems such as the need to make choices, competition for resources, and the potential for inequitable distribution of goods and services. The other options may contribute to economic issues, but the fundamental cause of economic problems is the scarcity of resources relative to unlimited human wants.