Which statement is true?
A)The economic problem is limited to poverty.
B)Scarcity is no longer an economic problem in the United States.
C)If we all had more money there would be less scarcity.
D)None of these statements are true.

Question

Quizplus · Accepted Answer

The economic problem is not limited to poverty but rather refers to the fact that resources are limited while human wants and needs are infinite. Scarcity is a fundamental economic problem that still exists in the United States despite its level of development. Lastly, having more money does not eliminate scarcity as it is still subject to the limitations of resources. Therefore, none of the statements given are true.

Which Statement Is True