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The individuals and society both face an economic problem. This problem arises from the fact that: a)wants are limited but the resources are not. b)resources

The individuals and society both face an economic problem. This problem arises from the fact that:

a)wants are limited but the resources are not.

b)resources are scarce relative to individual's wants

c).individuals and institutions behave only in their self-interest

d).both wants and resources are unlimited.

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