Basic Economics MCQs with Answers

Basic Economics MCQs with Answers 1. The fundamental economic problem faced by all societies is:a. unemployment b. inequality c. povertyd. scarcity2. “Capitalism” refers to:a. the use of markets b. government ownership of capital goods c. private ownership of capital goods d. private ownership of homes & cars3. There are three fundamental questions every society must answer. Which of the following …

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