Cameroon GCE O-Level Economics Practice Questions - Cameroon General Certificate Of Education Ordinary Level - Economics (Subject Code 0525) Exam

What is the fundamental economic problem that faces all societies regardless of their economic system?

The equitable distribution of national income among citizens The scarcity of resources relative to unlimited human wants The continuous rise in the general price level of commodities The rapid growth of the human population over food production

Correct Answer:

The scarcity of resources relative to unlimited human wants

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