If Scarcity Was Not a Fact

question 105

Multiple Choice

If scarcity was not a fact,

• A)​people could have all they wanted of goods and services for free.
• B)​it would no longer be necessary to make choices.
• C)​poverty, defined as the lack of a minimum level of consumption would also be eliminated.
• D)​all of the above would be true.

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Definitions:

Natural Language Processing

A subfield of linguistics, computer science, and artificial intelligence concerned with the interactions between computers and human (natural) languages, particularly how to program computers to process and analyze large amounts of natural language data.

Knowledge Representation

Techniques used in artificial intelligence to define the world, entities, and the relationships between them in a manner that a computer can understand.

Artificial Intelligence

Machines, particularly computer systems, mimicking human cognitive functions such as learning, reasoning, and self-correcting.

Computer Science

The study of computation, algorithms, and data structures, encompassing both theoretical concepts and practical applications.