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.

---

Definitions:

Social Security Number

A nine-digit number issued to U.S. citizens, permanent residents, and temporary working residents that tracks individuals for Social Security and tax purposes.

Data Type

A classification identifying one of various types of data, such as integer, floating-point, string, etc., that determines the possible values for that type, as well as the operations that can be performed on it.

Print Preview

A function that allows users to see exactly how a document will look when it's printed, before actually printing it.

Report

A document or presentation that summarizes information or findings from an investigation or analysis.