객관식
Which of the following best describes a key difference between the economy of Cuba and the economy of North Korea?
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1. Introduction to Macroeconomics
Introduction to Economics
객관식
If an economy is unable to produce the goods and services that people want, which of the following is most likely to occur?
A
The standard of living will automatically improve.
B
Unemployment will immediately drop to zero.
C
Scarcity will increase, leading to higher prices and unmet needs.
D
Resources will become unlimited.
검증된 단계별 안내1
Step 1: Understand the concept of scarcity in macroeconomics. Scarcity refers to the fundamental economic problem of having limited resources to meet unlimited wants and needs.
Step 2: Recognize that if an economy cannot produce the goods and services people want, the supply of these goods and services is insufficient relative to demand.
Step 3: Analyze the consequences of insufficient supply: when demand exceeds supply, scarcity increases, which typically leads to higher prices as consumers compete for limited goods.
Step 4: Consider the impact on unmet needs: because the economy cannot produce enough, some consumer needs and wants remain unsatisfied, affecting overall welfare.
Step 5: Conclude that this situation does not lead to automatic improvements in living standards, zero unemployment, or unlimited resources, but rather to increased scarcity, higher prices, and unmet needs.
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