THE BASIC ECONOMIC PROBLEM IS ESSENTIALLY ONE OF DECIDING HOW TO MA...

6. The basic economic problem is essentially one of deciding how to make the best use of:limited resources to satisfy limited economic wants.→ limited resources to satisfy unlimited economic wants.unlimited resources to satisfy unlimited economic wants.unlimited resources to satisfy limited economic wants. AACSB: AnalyticBlooms: RememberDifficulty: 1 EasyLearning Objective: 01-01 Define economics and the features of the economic perspective.Topic: Economic perspectivesMultiple Choice Question Topic: Economics