Scarcity can be eliminated if:
A) people satisfy needs rather than wants.
B) sufficient new resources were discovered.
C) output of goods and services were increased.
D) none of these.

Name: Scarcity can be eliminated if: A) people satisfy needs rather than wants. B) sufficient new resources were discovered. C) output of goods and services were increased. D) none of these.
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Question

Quizplus · Accepted Answer

Scarcity is a fundamental economic problem due to limited resources and unlimited wants, and it cannot be completely eliminated.

Scarcity Can Be Eliminated If