High economic growth can eventually eliminate the problem of scarcity.

Name: High economic growth can eventually eliminate the problem of scarcity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economic growth may help alleviate scarcity to some extent by increasing production and efficiency, but it cannot completely eliminate scarcity as resources will always be limited. Additionally, economic growth can also lead to increased demand and consumption, which may lead to further depletion of resources and worsen scarcity in the long-run.

High Economic Growth Can Eventually Eliminate the Problem of Scarcity