Concept:Scarcity is the basic economic problem because human wants are unlimited, but resources are limited.
Explanation:Every society faces the problem of scarcity.
Human wants are infinite, but the productive resources needed to satisfy them are finite.
These productive resources include land, labour, capital, and entrepreneurship.
Since their supply is limited, choices must be made about what to produce and how to distribute goods.
This makes the limited supply of productive resources the fundamental economic problem.
Answer:B. Limited supply of productive resources