Imagine a World with Unlimited Resources,including Time

question 146

Multiple Choice

Imagine a world with unlimited resources,including time.On that planet,

• A) personal strife would not exist.
• B) the scarcity problem would not apply but the cost-benefit principle would.
• C) the cost-benefit principle would be irrelevant because trade-offs would be unnecessary.
• D) the scarcity problem would still apply.
• E) the discipline of economics would be more important.

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Definitions:

Anterior Pituitary

The front portion of the pituitary gland, responsible for producing and releasing hormones that regulate many bodily functions.

Glucagon

Glucagon is a hormone produced by the pancreas that raises blood glucose levels by promoting the breakdown of glycogen to glucose in the liver.

Progesterone

A hormone produced mainly by the ovaries involved in the menstrual cycle, pregnancy, and embryogenesis.

Cortisol

A steroid hormone produced by the adrenal cortex involved in the body's stress response, metabolism, and immune system regulation.