SSLC Economics Practice Questions - Samoa Secondary Leaving Certificate - Economics Exam

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What is the basic economic problem that forces every society, including small island developing states such as Samoa, to make production choices?

Scarcity of resources relative to unlimited wants A permanent shortage of foreign tourists The legal requirement to use only imported capital goods A government rule that every village must grow the same crop

Correct Answer:

Scarcity of resources relative to unlimited wants

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