4
QuizMultiple Choice

Introduction to Economics

Question 4 • FL-2106010-M/J Civics B

Which of the following would solve the problem of scarcity in the world and eliminate the need for economics?

Answer
A
an unlimited supply of resources
B
unlimited want and demand from consumers
C
a scarcity of resources
D
a shortage of demand

Explanation

Scarcity exists because resources are limited while people’s wants are greater than the resources available. An unlimited supply of resources would remove that limitation, solving scarcity and eliminating the need to decide how to allocate resources. Therefore, the correct choice is “an unlimited supply of resources.”

AI-written and checked against the verified answer.

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