Scarcity Is a Problem

question 116

Multiple Choice

Scarcity is a problem

• A)only for poor countries.
• B)only for economies under complete government control.
• C)faced by all economies.
• D)that can be eliminated as the economy grows.
• E)not faced by free market economies.

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Definitions:

Disengagement Theory

A theory suggesting that as people age, they gradually withdraw from participation in society and are simultaneously relieved of responsibilities, resulting in mutual disengagement beneficial to both society and individuals.

New Identity

The development or adoption of a new sense of self or persona, which can result from life changes, personal growth, or social transitions.

Chronic Diseases

Long-lasting illnesses that can be controlled but not usually cured.

Disabled Persons

Individuals who experience limitations in physical, mental, or sensory function that affect their ability to engage in activities of daily life.