The Existence of Scarcity Implies That

question 103

Multiple Choice

The existence of scarcity implies that

• A)economic interaction is limited.
• B)people are not able to use all the available resources.
• C)people must make a choice.
• D)people will always be poor.
• E)rich people are better off than poor people.

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Definitions:

Global Inequality

The unequal distribution of resources and opportunities among countries or regions across the world.

Life Expectancy

The average number of years individuals and particular groups can expect to live.

Infant Mortality

The death of a child under the age of one year, often measured as the infant mortality rate per thousand live births, indicating a society's health status.

Multinational Corporations

Corporations that conduct business across national borders.