Question

Broadly speaking, the United States is not affected by scarcity. Economic growth is strong, unemployment is low, and living standards are rising." This statement is

		false because the United States must make choices among goods and services to produce.
		false because some people remain unemployed.
		true because the United States is one of the richest countries in the world.
		true because the United States has an increasing standard of living.
		false because the United States still must import goods from other nations.

Answer 1

The Statement is "False" because no matter how rich and developed a country is they have to make choices among goods and services produced.

It is not about not having a scarcity or having a rich economy. It's about making smart decisions If the US doesn' make the choice they might go on producing goods that are not demanded or the goods which are very inefficient. If they take such poor decisions they might not remain rich all the time and the living standard of people will fall.