The Problem of Scarce Resources

Multiple Choice

The problem of scarce resources:

A) can be solved in a market economy, but not in a command economy.
B) can be solved if all resources are jointly owned by the public and private sectors.
C) implies that the resources are not freely available.
D) arises because all natural resources are owned by the government in every country.
E) can be solved by lowering taxes in an economy.