What would happen if the world's resources were to suddenly double?
A) The scarcity principle would still apply.
B) The scarcity principle would not be relevant.
C) Everyone's wants would be met.
D) No tradeoffs would be needed.

Question

Quizplus · Accepted Answer

The scarcity principle states that wants are unlimited while resources are limited. Even if resources were to double, wants would still be unlimited and therefore, scarcity would still exist. This means that tradeoffs would still be necessary and not everyone's wants would be met.

What Would Happen If the World's Resources Were to Suddenly