The fundamental economic problem society is confronted with involves . a. ensuring they get what they want b. choosing how it will use its scarce resources to the maximum effect in order to satisfy its needs c. ensuring the

The fundamental economic problem society is confronted with involves **b. choosing how it will use its scarce resources to the maximum effect in order to satisfy its needs**. This statement captures the essence of economics, which deals with the allocation of limited resources to meet the unlimited wants and needs of society.