There would be no economic problems in a world in which all resources were
A) free.
B) natural.
C) bought and sold for a price.
D) owned by the government.
E) scarce.

Name: There would be no economic problems in a world in which all resources were A) free. B) natural. C) bought and sold for a price. D) owned by the government. E) scarce.
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Question

Quizplus · Accepted Answer

If all resources were free, there would be no need for trade, production, or allocation of resources. There would be no scarcity, and therefore no economic problems.

There Would Be No Economic Problems in a World in Which