Which of the Following Statements About Economic Scarcity Is FALSE

question 320

Multiple Choice

Which of the following statements about economic scarcity is FALSE?

• A) Scarcity occurs among the poor and the rich.
• B) Scarcity only occurs if there are shortages and people wait in line to buy things.
• C) Scarcity results from not having enough resources to produce all the things we want.
• D) Scarcity results in the necessity to make choices.

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Definitions:

Inefficient Way

A method or process that does not achieve desired outcomes with minimal waste of time, resources, or effort.

Observational Learning Approach

A theory suggesting that people can learn new behaviors by watching others without direct experience.

Behaviorism

A branch of psychology that studies observable behaviors rather than internal subjective experiences, emphasizing the effects of external stimuli on responses.

Clinical Case Studies

Detailed examinations of individuals or groups from a clinical or medical perspective, often used to explore complex issues or conditions.