John Maynard noted that: a. we could print all the money we want and still have...
John Maynard noted that:
a. we could print all the money we want and still have scarcity
b. to secure the greatest amount of pleasure with the least possible outlay should be the aim of all economic effort
c. the general notion that scarcity is due to not having enough money is an illusion
Both a and c
Homework Answers
Answer- Both b and c.
reason- Scarcity exists due to limited resources and unlimited wants. When more than enough money is printed, money losses it's value, so scarcity still exists. Also, the scarcity is due to limited resources which cannot be replenished with money.
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