Scarcity Is Likely to Be

question 49

Multiple Choice

Scarcity is likely to be

• A)a problem that will always exist.
• B)a problem that will be solved by the proper use of available resources.
• C)eliminated with a better understanding of economics.
• D)a result of the work ethic.
• E)unique to the twentieth century.

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Definitions:

Postwar Prosperity

The economic boom experienced in many countries, especially Western nations, following the end of World War II.

American Mobility

The ability and tendency of Americans to move geographically for better opportunities, reflecting the dynamic nature of the country's labor market and society.

Prosperity Origin

Refers to the sources or causes that lead to a state of wealth, success, or flourishing conditions.

Repressed

Describes thoughts, memories, or desires that are unconsciously held back from conscious thought or forgotten.