Scarcity Exists Because

question 170

Multiple Choice

Scarcity exists because

• A)some individuals have low income.
• B)some people make bad economic decisions.
• C)people take too much leisure time.
• D)the costs of production are high.
• E)human wants exceed the resources available to satisfy them.

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Definitions:

Depressed and Anxious

Experiencing symptoms of depression and anxiety, often characterized by persistent sadness and worry.

Reifying a Diagnosis

The act of treating an abstract diagnosis or concept as if it were a concrete, tangible object.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a standardized classification of mental disorders used by mental health professionals.

Purpose

The reason for which something is done or created, or for which something exists.