The Statement "By the Time Our Grandchildren Are Born,scarcity Will

question 122

Multiple Choice

The statement "By the time our grandchildren are born,scarcity will not be a problem" is

• A)possible only if technology advances at a great pace.
• B)true,because we will learn to limit our wants in the future.
• C)true,because by that time everyone's basic needs will be met.
• D)false,because people always want more than there is available.

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Definitions:

Operating Leverage

A measure of how revenue growth translates into growth in operating income, highlighting the impact of fixed costs.

Degree

A level of qualification, achievement, or temperature that denotes status, extent, or intensity. In academic contexts, it often refers to the certification received upon completing a course of study at a college or university.

Dolls

Toys designed to resemble human figures, often used as playthings for children.

Series

A sequence of numbers in which each term after the first is formed by adding a fixed number to the previous term.