menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics
  4. Exam
    Exam 1: Ten Principles of Economics
  5. Question
    What Would Happen If the World's Resources Were to Suddenly
Solved

What Would Happen If the World's Resources Were to Suddenly

Question 61

Question 61

Multiple Choice

What would happen if the world's resources were to suddenly double?


A) The scarcity principle would still apply.
B) The scarcity principle would not be relevant.
C) Everyone's wants would be met.
D) No tradeoffs would be needed.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q56: What does trade NOT achieve?<br>A) increased competition<br>B)

Q57: Define opportunity cost. What is the opportunity

Q58: In a market economy, decisions are guided

Q59: How does the government enforce property rights?<br>A)

Q60: What is the opportunity cost of going

Q62: What causes almost all variation in living

Q63: What is one component necessary for markets

Q65: In each of the following decision situations,

Q66: What does inflation cause?<br>A) incomes to fall<br>B)

Q182: Trade allows each person to specialize in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines