Scarcity Arises from Limited Resources

question 66

Multiple Choice

Scarcity arises from limited resources.For this reason,all economic choices involve

• A)a value judgement.
• B)an educated decision.
• C)an opportunity cost.
• D)complementary ends.
• E)greed.

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Definitions:

Distribution Networks

Systems of intermediaries and channels that goods or services pass through from producer to end consumer.

Oscar Micheaux

A pioneering African American filmmaker and author, known for his work in the silent and early sound film eras, highlighting the complexities of race and social issues.

Motion Pictures

Films or movies; a sequence of images projected onto a screen, creating the illusion of movement.

James P. Johnson

An influential American jazz pianist and composer, known as the "Father of the Stride Piano."