Without scarcity,the study of ________ would be unnecessary.
A) positive incentives
B) negative incentives
C) resource allocation
D) economics
E) productivity

Question

Quizplus · Accepted Answer

Economics is the study of how individuals and societies allocate scarce resources to satisfy their unlimited wants and needs. Without scarcity, there would be no need for economics. The other choices (positive incentives, negative incentives, resource allocation, and productivity) are all important concepts within economics, but they would not be unnecessary in a world without scarcity.

Without Scarcity,the Study of ________ Would Be Unnecessary