As an Economic Concept, Scarcity Applies to

question 239

Multiple Choice

As an economic concept, scarcity applies to

• A) both money and time.
• B) money but not time.
• C) time but not money.
• D) neither time nor money.

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Definitions:

Vestibular System

The sensory system responsible for providing our brain with information about motion, head position, and spatial orientation; it also helps with balance.

Histamine

A compound involved in local immune responses, as well as regulating physiological functions in the gut and acting as a neurotransmitter.

Pain Sensation

The uncomfortable feeling often caused by intense or damaging stimuli, interpreted and processed by the nervous system.

Emotional Response

The psychological and physiological reactions that occur in response to an external stimulus, driven by feelings and emotions.