Fundamental Economic Problem

Overproduction of goods and services

Limited resources and unlimited wants (correct)

Equal distribution of wealth

Global economic recession

From the imbalance between human wants and available resources (correct)

As a result of natural disasters affecting production

Because of a lack of technological advancement

Due to excessive government intervention in the economy

Globalization leading to equal distribution of resources

Rapid population growth without corresponding resource development (correct)

Advancements in renewable energy technologies

Increased government spending on social welfare programs