Which of the Following Would Eliminate Scarcity as an Economic

question 91

Multiple Choice

Which of the following would eliminate scarcity as an economic problem?

• A) Moderation of people's competitive instincts.
• B) Discovery of sufficiently large new energy reserves.
• C) Resumption of steady productivity growth.
• D) None of these.

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Definitions:

Stainless Steel

A corrosion-resistant alloy of iron, chromium, and, in some cases, nickel and other metals, widely used for its strength and durability.

Finished Goods Inventory

Items that have completed the manufacturing process and are ready for sale.

Expected Sales

Projections or forecasts of the amount of goods or services a company plans to sell over a certain period, often used in budgeting and planning.

Stockouts

Situations where items are unavailable for sale or use due to insufficient inventory levels.