Scarcity Is a Situation in Which Resources Are Unlimited in Quantity

question 115

True/False

Scarcity is a situation in which resources are unlimited in quantity and can be used in different ways.

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Definitions:

False Statements

Intentionally misleading or untrue claims or declarations, which can be illegal in many contexts such as finance and law.

Injunction

A judicial order that prohibits a party from performing a specific act or mandates a party to perform a specific act in order to prevent harm or injustice.

Pay Damages

The act of compensating someone for loss or injury typically determined by a court of law.

Strict Liability

Refers to a legal doctrine in tort law where a party is held responsible for damages or harm caused without the need for proof of negligence or fault.