If All the World's Resources Were to Magically Increase a Hundredfold

question 20

Multiple Choice

If all the world's resources were to magically increase a hundredfold, then:

• A) the scarcity principle would still govern behavior.
• B) economics would no longer be relevant.
• C) the scarcity principle would disappear.
• D) tradeoffs would become unnecessary.

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Definitions:

Brain Wave Patterns

Electrical oscillations in the brain that can be measured and are associated with different states of brain function.

Electroencephalography

A non-invasive method used to record the electrical activity of the brain through electrodes placed on the scalp.

CT Scan

A diagnostic medical imaging technique that uses computer-processed combinations of many X-ray measurements taken from different angles to create cross-sectional images of specific areas of a scanned object.

Magnetic Resonance Imaging

A medical imaging technique used to visualize detailed internal structures using powerful magnetic fields and radio waves; commonly known as MRI.