To help reduce the price of oil, new supplies are needed. However, objectors oppose exploration of new sites because of the environmental damage it may cause. Why is this statement an example of the basic economic problem?
A.
Oil is a limited resource.
B.
Oil is expensive.
C.
The exploration involves demand and supply.
D.
There are external costs involved in production.
Exam No：0455_w21_qp_13 Year：2021 Question No：1
Answer:
A
Knowledge points:
1.1.1 finite resources and unlimited wants （Definitionandexamplesoftheeconomicproblem）
Solution:
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