Which of the Following Statements Regarding the Basic Economic Problem

question 154

Multiple Choice

Which of the following statements regarding the basic economic problem of scarcity is correct?

• A) The problem will exist only in countries that are not highly industrialized.
• B) The problem will disappear as production increases.
• C) The problem will disappear as technology improves.
• D) The problem will exist as long as resources are available in limited amounts.
• E) The problem will disappear as a person's income falls.

---

Definitions:

Customer Complaint

A form of feedback where a customer expresses dissatisfaction with a product or service.

Cover Up

An attempt to hide a mistake, wrongdoing, or embarrassing information from being made public.

Blame

The act of attributing responsibility for a fault or wrong to someone or something.

Ethical Approach

A perspective or method guided by moral principles, focusing on right and wrong conduct, fairness, and respect for others.