Questions: True or false: There are enough resources to meet all human needs and desires.

True or false: There are enough resources to meet all human needs and desires.
Transcript text: True or false: There are enough resources to meet all human needs and desires.
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Solution

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Answer

The answer is False.

Explanation

The statement that there are enough resources to meet all human needs and desires is false. This concept is rooted in the economic principle of scarcity. Scarcity refers to the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources. Because resources such as time, money, labor, and raw materials are finite, it is impossible to satisfy all human desires and needs simultaneously. This scarcity necessitates the allocation of resources and prioritization of needs, which is a central focus of economic study and policy-making.

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