"If Americans today, for example were to content to live at the level of the Indian middle class people, all their wants would be fully satisfied with their available resources and capacity to produce." On the basis of the above statement, which of the following conclusion can be made?
Options
AThe possession of goods and services by USA has enormously increased to exceed their wants
BThe affluent and developed countries of USA and Western Europe face the problem of scarcity even today as their present wants remain a head of their increased resources and capacity to produce.
CThe affluent and developed countries are not facing the problem of scarcity
DNone of these
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