Scarcity could be reduced if:
A) we all work more and want fewer goods.
B) we all work less and want fewer goods.
C) our population expands and production stays the same
D) we do not innovate.

Question

Quizplus · Accepted Answer

Scarcity could be reduced if we all work more and want fewer goods because increased work can lead to higher production, and wanting fewer goods reduces demand, thus balancing supply and demand more effectively.

Scarcity Could Be Reduced If