If All the World's Resources Were to Magically Increase 100-Fold,then

question 44

Multiple Choice

If all the world's resources were to magically increase 100-fold,then

• A) the scarcity problem would still govern behaviour.
• B) economics would no longer be relevant.
• C) the scarcity problem would disappear.
• D) everyone would be satisfied.
• E) trade-offs would become unnecessary.

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Definitions:

Attitudes

A psychological tendency expressed by evaluating an entity with some degree of favor or disfavor, shaping our responses toward that entity.

Unconscious

A part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions, according to Freudian psychology.

Negative

Characterized by the absence rather than the presence of distinguishing features.

Foot-In-The-Door Phenomenon

A persuasive technique involving making a small request first in order to gain eventual compliance with a larger request.