Is it true that you cannot have too much of a good thing

Reference no: EM131098511

Suppose you are having an argument with your roommate about whether the federal government should subsidize the production of food. Your roommate argues that because food is something that is unambiguously good (unlike liquor, guns, and drugs, which may be considered inherently evil by some members of society), we simply cannot have too much of it that is, because food is clearly good, having more of it must always improve our economic well-being
Is it true that you cannot have too much of a good thing? Conversely, is it possible to overproduce unambiguously good things such as food, clothing, and shelter? Why or why not?

Reference no: EM131098511

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