Which of the Following Would Eliminate Scarcity as an Economic

question 76

Multiple Choice

Which of the following would eliminate scarcity as an economic problem?

• A) Moderation of people's competitive instincts.
• B) Discovery of sufficiently large new energy reserves.
• C) Resumption of steady productivity growth.
• D) Economic scarcity cannot be eliminated as long as the resources are limited.

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Definitions:

Hydrolysis Reaction

Splitting of a chemical bond by the addition of water, with the H+ going to one molecule and the OH− going to the other.

Cholesterol

A waxy, fat-like substance found in all cells of the body, important for making hormones, vitamin D, and substances that help digest foods.

Steroids

A class of lipid molecules that includes hormones, vitamins, and cholesterol, which serve various functions in organisms.

Phospholipids

A class of lipids that are a major component of all cell membranes, containing two fatty acids, a phosphate group, and a glycerol molecule.