Which of the following would eliminate scarcity as an economic problem?
a. Resumption of the steady productivity growth.
b. Discovery of sufficiently large new energy reserves.
c. Moderation of people's competitive instincts.
d. None of these choices.
d
Economics
You might also like to view...
For most low-wage earners
A) the substitution effect of a wage rate increase is likely to equal the income effect. B) the opportunity cost of leisure is high. C) the income effect of a wage rate increase is likely to be larger than the substitution effect. D) the substitution effect of a wage rate increase is likely to be larger than the income effect.
Economics
If a firm sets marginal revenue equal to marginal cost it will make an economic profit
Indicate whether the statement is true or false
Economics