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The fundamental problem of economics implies that: governments must be relied upon to supply essential goods...

The fundamental problem of economics implies that:

governments must be relied upon to supply essential goods and services

inflation and unemployment are unavoidable

growing populations will deplete natural resources

individuals and communities must make choices among competing alternatives

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Answer #1

individuals and communities must make choices among competing alternatives

Explanation: The central assumption in economics is that resources are limited and human wants are unlimited. Therefore, there are many alternative usages of resources.

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