The Scarcity Problem Indicates That

question 156

Multiple Choice

The scarcity problem indicates that

• A) no matter how much one has,it is never enough.
• B) compared to 100 years ago,individuals have less time today.
• C) with limited resources,having more of "this" means having less of "that."
• D) because trade-offs must be made,resources are therefore scarce.
• E) the wealthier a person is,the fewer trade-offs he must make.

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Definitions:

Life Insurance

A contract between an insurer and a policyholder in which the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Release Required

A stipulation or condition that necessitates the issuance or freeing of certain documents, information, or properties.

Part of Speech

A category into which words are grouped based on their function in a sentence, such as noun, verb, adjective, etc.

Name

A word or set of words by which a person, place, or thing is known, addressed, or referred to.