Quote:
Originally Posted by Captain Awesome
About the only thing we know is that there is a finite amount of volume in the earth, so there is a fixed supply and it would eventually run out.
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You should have probably have added that "fixed supply" describes every resource on the planet. In fact, you'll find some form of that phrase in nearly any definition of
scarcity. Now, here's the chance to earn 5 Camaro Points by correctly answering the following question that is probably found in any introductory microeconomics class: what type of economic arrangement is best suited to deal with the issue of scarcity? If you thought
market, then you are right! If you thought
command-and-control, then you probably failed that class!
