The Problem of "Scarcity" Applies

question 332

Multiple Choice

The problem of "scarcity" applies

• A) only in industrially developed countries because resources are scarce in these countries.
• B) only in underdeveloped countries because there are few productive resources in these countries.
• C) only in economic systems that are just beginning to develop because specialized resources are scarce.
• D) to all economic systems, regardless of their level of development.

---

Definitions:

Ego Depletion

A state of diminished capacity to exercise self-control or focus, following a period of exertion in using one's self-control.

Self-Efficacy

An individual’s belief in their own capability to succeed in specific situations or accomplish a task.

Self-Compassion

The act of being kind and understanding to oneself in instances of pain or failure, rather than being harshly self-critical.

Components

Fundamental parts or elements that make up a system, process, or compound.