How Should We Best Approach the Issue of Scarcity

question 125

Multiple Choice

How should we best approach the issue of scarcity?

• A) We should only desire things that we are capable of consuming and producing.
• B) We should make changes to fiscal policy until the situation of scarcity is eliminated.
• C) We should make decisions that allow us to arrange our resources rationally.
• D) We should adopt economic policies that will lead to unlimited resources.

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Definitions:

Humans

Homo sapiens, the species of bipedal primates characterized by a large brain, capable of complex reasoning, language, social interaction, and tool use.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Bourgeoisie

The class of modern capitalists who own the means of production and employ labor for wage-earning purposes, often contrasted with the working class, or proletariat.

Proletariat

The class of workers who do not own the means of production and must sell their labor to survive, often discussed in Marxist theory.