Scarcity Ends with Unlimited Resources

Steps:

• Define scarcity: It arises when unlimited human wants exceed limited resources.
• Identify elimination condition: Scarcity vanishes only if resources fully satisfy all wants without limits.
• Evaluate choices: Check which option directly addresses resource sufficiency versus wants.
• Select best fit: Option A matches the core definition by ensuring resources meet all needs.

Why A is correct:

• Scarcity, per economic definition, requires limited resources relative to unlimited wants; A eliminates it by positing sufficient resources for all.

Why the others are wrong:

• B: Excess production doesn't guarantee sufficiency if wants remain unlimited.
• C: Government surplus addresses fiscal policy, not resource availability.
• D: Market equilibrium allocates scarce resources, but doesn't remove scarcity itself.

Final answer: A