If we could produce all the food we need in our own backyards, and if technology were so advanced that we could all make anything we wanted in our basements, would an "economic problem" exist? a. Yes because growth of population b. Yes because people developed new wants c.. Yes because of unpredictable natures tragedy, d.. No technology will solve the problem. Choose your best choice and explain it.

If we could produce all the food we need in our own backyards, and if technology were so advanced that we could all make anything we wanted in our basements, would an "economic problem" exist? a. Yes because growth of population b. Yes because people developed new wants c.. Yes because of unpredictable natures tragedy, d.. No technology will solve the problem. Choose your best choice and explain it.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section2.2: The Economist As Policy Adviser

Problem 2QQ

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