Specialization and voluntary trade eliminate the problem of scarcity.

Name: Specialization and voluntary trade eliminate the problem of scarcity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Specialization and voluntary trade can help alleviate the effects of scarcity by allowing resources to be used more efficiently and increasing access to a greater variety of goods and services. However, scarcity itself cannot be eliminated as long as there are limited resources and unlimited wants and needs.

Specialization and Voluntary Trade Eliminate the Problem of Scarcity