Scarcity Reflects Our Inability to Satisfy Wants Due To

question 10

Multiple Choice

Scarcity reflects our inability to satisfy wants due to:

• A) an unequal distribution of resources.
• B) limited resources.
• C) inefficient political systems.
• D) unemployed workers.

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Definitions:

M.J. Coldwell

A Canadian politician known for his leadership in the Co-operative Commonwealth Federation and its successor, the New Democratic Party.

Medicare

A federal health insurance program in the United States for people aged 65 and older, and for some younger people with disabilities.

Health-Care System

An organized plan of health services designed to meet the health needs of target populations.

Life Expectancy

The average period that an individual is expected to live, based on statistical averages.