The Problems Created by Scarcity

question 90

Multiple Choice

The problems created by scarcity:

• A) could be solved if more people worked overtime.
• B) are of no concern to the top income earners.
• C) concern individuals, but are not a concern on the macro level.
• D) apply to everyone because resources are limited in general.

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Definitions:

Nonmanipulated Independent Variable

An independent variable for which condition assignment is determined by a characteristic of the participant.

Dependent Variable

The experimental variable measured by the experimenter and used to compare groups.

College Education

College education refers to the post-secondary learning experience offered by colleges and universities, leading to the award of a degree, diploma, or certificate.

Law of Parsimony

A principle that suggests when faced with competing hypotheses, the one that makes the fewest assumptions should be selected.