If all the world's resources were to magically increase 100-fold,then
A) the scarcity problem would still govern behaviour.
B) economics would no longer be relevant.
C) the scarcity problem would disappear.
D) everyone would be satisfied.
E) trade-offs would become unnecessary.

Question

Quizplus · Accepted Answer

Even with a 100-fold increase in resources, there would still be limited resources relative to unlimited wants and needs. Therefore, scarcity would still govern behavior and economics would still be relevant.

If All the World's Resources Were to Magically Increase 100-Fold,then