The Economic Problem of Scarcity Exists Because

question 107

Multiple Choice

The economic problem of scarcity exists because:

• A) human wants are assumed to be virtually unlimited meaning resources will always be scarce relative to wants
• B) global warming is increasing the rate at which the natural resources are being depleted.
• C) the world's resources are insufficient to sustain the global population
• D) technological advances have increased the rate at which natural resources are being depleted

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Definitions:

Hallucinates

The experience of sensing things that are not present in the external environment as if they are real, often a symptom in psychological disorders.

Sleep Attacks

Sudden and irresistible episodes of sleep occurring in disorders such as narcolepsy, characterized by excessive daytime sleepiness.

Animal Magnetism

A historical term referring to a supposed invisible natural force possessed by all living things, including humans, thought to affect health and disease.

Franz Mesmer

An 18th-century physician best known for developing what he called "animal magnetism" and what later became known as mesmerism, a precursor to hypnotism.