Scarcity Can Be Eliminated Through

question 18

Multiple Choice

Scarcity can be eliminated through

• A) exploration that helps us find new resources.
• B) wise use of our resources.
• C) the use of market mechanisms.
• D) None of the above because scarcity cannot be eliminated.

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Definitions:

Scales Measurement

A method used in research to assign numerical values to variables for the purpose of quantitative analysis.

Seven-Point Scale

A survey response scale that offers seven possible answers, typically ranging from one extreme attitude to another.

Measurement Scale

An organized system for assigning values to variables in order to represent quantities or qualities accurately.

Increase Tuition

A rise in the fees charged by educational institutions for enrollment and instruction.