Scarcity would cease to exist as an economic problem if:
A)we learned to cooperate and not compete with each other.
B)there were new discoveries of an abundance of natural resources.
C)output per worker increased.
D)none of the above.

Question

Scarcity would cease to exist as an economic problem if:
A)​we learned to cooperate and not compete with each other.
B)​there were new discoveries of an abundance of natural resources.
C)​output per worker increased.
D)​none of the above.

Quizplus · Accepted Answer

Scarcity is a fundamental economic problem arising because resources are limited while wants are unlimited. None of the options provided would eliminate scarcity entirely, as the fundamental issue of unlimited wants versus limited resources would still exist.

Scarcity Would Cease to Exist as an Economic Problem If