Scarcity
a. Can be eradicated with sufficient economic growth.
b. Could be eradicated if we could just eliminate greed.
c. Can never be eradicated
d. Both a. and b. are true
c
Economics
You might also like to view...
If the economy is in long run equilibrium and then aggregate demand increases, in the long run the increase in aggregate demand means that the
A) price level will be higher but real GDP will be unaffected. B) real GDP will be larger but the price level will be unaffected. C) the price level will be higher and real GDP will be larger. D) neither the price level nor real GDP will be unaffected.
Economics
What is one reason a gambler might bet $1,000 that a sixteenth seed team will win the NCAA basketball tournament?
A) irrationality B) overconfidence C) exuberance D) gambler's fallacy
Economics