The economizing problem is:

A) the need to make choices because economic wants exceed economic means.
B) how to distribute resources equally among all members of society.
C) that people's means often exceed their wants.
D) that people do not know how to rationally allocate resources.

Economizing Problem

The fundamental economic issue of meeting people's unlimited wants with limited resources, necessitating choices and priorities in resource allocation.

Economic Wants

The desires of individuals or societies for goods and services that provide utility and satisfaction, exceeding the basic needs for survival.

Economic Means

The methods or tools employed to allocate and utilize resources efficiently in the production, distribution, and consumption of goods and services.