Which of the following is true regarding scarcity?
A) Scarcity could be eliminated if all economies of the world would work together to solve world hunger.
B) Scarcity could be eliminated if we had full employment.
C) It is impossible to eliminate scarcity, given limited resources and unlimited wants.
D) Scarcity could be eliminated if all economies of the world would adopt communism.
E) Scarcity could be eliminated if all economies of the world would adopt a free market system.
Correct Answer:
Verified
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