Economics 9708 · AS & A Level · Scarcity, choice and opportunity cost

Scarcity, choice and opportunity cost — practice question

Which statement correctly describes the problem of scarcity?

  • AContinually rising productivity will increase output and solve scarcity.
  • BFuture inventions will introduce new products that remove scarcity.
  • CGovernment printing of money will raise incomes and eliminate scarcity.
  • DHuman nature will make the solution of scarcity impossible.

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