Which of the Following Is a Basic Tenant of the Economic

question 3

Multiple Choice

Which of the following is a basic tenant of the economic concept of scarcity?

• A) Developing countries will always have a battle to fight hunger.
• B) Resources are often wasted, which results in shortages.
• C) Income must be redistributed through taxation in order to address income disparity.
• D) Limited resources require economies to make choices among production alternatives.

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Definitions:

Critical Thinking Skill

The ability to actively and skillfully conceptualize, apply, analyze, synthesize, and evaluate information to reach an answer or conclusion.

Disinformation

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Propaganda

Information, especially of a biased or misleading nature, used to promote or publicize a particular political cause or point of view.

Spin

A form of propaganda achieved through providing a biased interpretation of an event or campaigning to persuade public opinion in favor or against some organization or public figure.