Scarcity Can Best Be Defined as a Situation in Which

question 23

Multiple Choice

Scarcity can best be defined as a situation in which

• A) there are no buyers willing to purchase what sellers have produced.
• B) there are not enough goods to satisfy all of the buyers' demand.
• C) the resources we use to produce goods and services are limited.
• D) there is more than enough money to satisfy consumers' wants.

---

Definitions:

Phosphine

A colorless, flammable, and toxic gas with the chemical formula PH3, used in various industrial applications and as a pesticide.

Ammonia

A compound of nitrogen and hydrogen with the formula NH3, a colorless gas with a characteristic pungent smell.

Hydrogen Sulfide

A toxic, flammable gas with the formula H2S, known for its foul odor of rotten eggs and used in the manufacture of chemicals.

Lewis Structure

A diagram that represents the bonds between atoms and the lone pairs of electrons in a compound.