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A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2014 · Q11 Mark

Which statement about the problem of scarcity is correct?

AContinually rising productivity will increase output and solve scarcity.
BFuture inventions will introduce new products that remove scarcity.
CGovernment printing of money will raise incomes and eliminate scarcity.
DHuman nature will make the solution of scarcity impossible.

✓ Correct answer

D: Human nature will make the solution of scarcity impossible.

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About this question

Topic
Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Oct/Nov 2014 Paper 1 Variant 2, question 1.

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