A Scarce Resource Is One That

question 31

Multiple Choice

A scarce resource is one that:

• A) has two or more alternative uses.
• B) exhibits the basic properties of a free good.
• C) is confronted only under socialist conditions.
• D) has an unlimited supply.

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Definitions:

Conscious

Being cognizant and reflective of one's own life, perceptions, thoughts, the environment, and life events.

Rational Way

Approaching situations and problem-solving based on logical reasoning, facts, and systematic thought processes.

Unconscious Processes

Mental activities outside of conscious awareness, influencing thoughts, feelings, and behaviors according to psychoanalytic theory.

Self-actualization

Attaining one's full talents and possibilities, regarded as an innate desire or motivation present in all individuals.