As Population Declines,scarcity Eventually Disappears

question 184

True/False

As population declines,scarcity eventually disappears.

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Definitions:

Labor Employment

The process or state of engaging individuals in work or activities that require the use of their skills and labor in return for payment.

Productivity

The measure of the efficiency of production, often expressed as the ratio of output to inputs used in the production process.

Labor Force

The total number of people who are able and willing to work, either employed or actively seeking employment.

Technology

The use of scientific understanding for pragmatic objectives, particularly within the industrial sector.