The Problem of Scarcity Exists

question 84

Multiple Choice

The problem of scarcity exists

• A)in all economies.
• B)only when people are unemployed.
• C)now but will be eliminated with economic growth.
• D)only in economies that lack incentives.
• E)only in economies that have incentives.

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Definitions:

That's-not-all Technique

A sales strategy where additional items or discounts are offered to make a deal look more appealing without giving the buyer time to refuse the initial offer.

Disrupt-then-reframe Technique

A persuasion strategy that involves presenting an unexpected element (disruption) followed by a rational argument (reframe) to persuade someone.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Scarcity Principle

A psychological and economic principle stating that limited supply of a commodity increases its demand and perceived value.