What Would Happen If the World's Resources Were to Suddenly

question 61

Multiple Choice

What would happen if the world's resources were to suddenly double?

• A) The scarcity principle would still apply.
• B) The scarcity principle would not be relevant.
• C) Everyone's wants would be met.
• D) No tradeoffs would be needed.

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Definitions:

Communication Process Model

A theoretical framework that describes the steps involved in the successful transfer of information from sender to receiver.

Decoding

The process of interpreting and understanding communication signals or symbols.

Feedback

Information given to someone about their performance or work, intended to guide future improvements.

Communication Process Model

A theoretical framework that describes the various stages involved in the transmission and reception of messages between communicators.