If Scarcity Was Eliminated

question 162

Multiple Choice

If scarcity was eliminated

• A) trade would become unnecessary.
• B) opportunity costs would increase.
• C) all nations would have an absolute advantage in producing all products.
• D) the concept of trade-offs would become irrelevant.

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Definitions:

Alternating Motion

Movement that occurs in a back-and-forth manner, typically referring to parts of machinery or the human body.

Tuning Fork

A metal instrument that vibrates at a fixed pitch when struck, used to test hearing acuity, bone vibration, and for tuning musical instruments.

Nerve Conduction

A medical diagnostic test that measures how quickly electrical impulses move through your peripheral nerves, often used to diagnose nerve damage or dysfunction.

Spirometer

A medical instrument used to measure the volume of air inhaled and exhaled by the lungs.