There would be no economic problems in a world where all resources are
A) unlimited.
B) privately owned.
C) owned by the government.
D) scarce.

Name: There would be no economic problems in a world where all resources are A) unlimited. B) privately owned. C) owned by the government. D) scarce.
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Question

Quizplus · Accepted Answer

If all resources were unlimited, there would be no scarcity and therefore no economic problems. Private or government ownership of resources and scarcity are both potential sources of economic problems.

There Would Be No Economic Problems in a World Where