WAEC Economics 2025 Objective — Question 1
Question 1 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
In Economics, it is necessary that choice be made mainly because
- A. goods are of various qualities.
- B. goods have different prices.
- C. resources are inadequate.Correct
- D. consumers' wants differ.
Explanation
Choice arises because human wants are unlimited while the resources available to satisfy them are limited (scarce).
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.