If there were no scarcity:
A) there would be no opportunity costs.
B) there would be no need to make tradeoffs.
C) both of the above.
D) none of the above.

Question

Quizplus · Accepted Answer

Scarcity is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. If there were no scarcity, there would indeed be no opportunity costs because every desire could be fulfilled without sacrificing another option. Similarly, there would be no need to make tradeoffs, as unlimited resources would mean that all wants could be satisfied simultaneously.

If There Were No Scarcity