Does the richest person in the world face the problem of scarcity?
Part 2
A.
No, because having money means that you do not have to choose between present and future consumption.
B.
Yes, because if the rich were to purchase a lot of goods at one time shortages would result.
C.
No, because having money means that you can buy whatever you want to buy.
D.
Yes, because even if you have money you will never be able to satisfy all of your wants and must therefore make choices.
1 answer
D. Yes, because even if you have money you will never be able to satisfy all of your wants and must therefore make choices.
1 answer