Greater Scarcity of a Natural Resource Is Indicated

question 155

Multiple Choice

Greater scarcity of a natural resource is indicated

• A)by an increase in the price of the resource,whether the price increase is less than or greater than the rate of inflation.
• B)only by an increase in the price of the resource that is less than the rate of inflation.
• C)only by an increase in the price of the resource that is greater than the rate of inflation.
• D)only by an increase in the price of the resource that is caused by a decrease in supply and is greater than the rate of inflation.

Deduce the slope of the budget constraint and interpret its economic implications.

Evaluate available and unavailable choices within a given budget constraint.

Explain the opportunity cost concept in the context of budget constraints.

Assess how shifts in budget constraints reflect economic decisions.

---

Definitions:

Morphemes

The smallest grammatical units in a language, which carry meaning or function, such as words, prefixes, or suffixes.

Screening Infants

The process of examining newborns for certain harmful or potentially fatal disorders that aren't otherwise apparent at birth.

Sensory

Relating to sensation or the physical senses; transmission and perception of sensory information.

Neurological

Pertaining to the nervous system and its diseases or disorders.