Multiple Choice
Which of the following statements regarding the basic economic problem of scarcity is correct?
A) The problem only exists in countries that are not highly industrialized.
B) The problem is likely to disappear as production increases.
C) The problem is sure to 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.
Correct Answer:
Verified
Correct Answer:
Verified
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