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Q:

Which of the following statements is incorrect, if resources were unlimited?

A) there would still be scarcity and opportunity costs B) there would still be scarcity but no opportunity costs
C) there would be no scarcity, but there would be opportunity costs. D) there would neither be scarcity nor opportunity costs

Answer:   C) there would be no scarcity, but there would be opportunity costs.



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
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