What can we conclude about our future after reading Chapter 1?
A) We will use up more resources faster and scarcity will become increasingly more severe.
B) We will eventually run out of "things we want" causing scarcity to moderate.
C) We will eventually run out of "things we want" causing scarcity to disappear.
D) Resources will remain scarce and our wants unlimited so that scarcity will remain a fact of life.
E) Technology will fully substitute for scarce resources so that even though our wants are unlimited, we will eventually eliminate scarcity.

Question

Quizplus · Accepted Answer

Resources are inherently limited while human wants are unlimited, leading to the perpetual presence of scarcity. This fundamental economic principle suggests that scarcity is an enduring aspect of life, as our capacity to desire outstrips the availability of resources.

What Can We Conclude About Our Future After Reading Chapter