Which of the Following Best Describes Scarcity

question 255

Multiple Choice

Which of the following best describes scarcity?

• A) Human desires are limited.
• B) All but the very wealthy must face choices.
• C) Resources are insufficient to satisfy all human desires.
• D) Choices are unnecessary.

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Definitions:

Consensus

General agreement among a group or the process of reaching such an agreement.

Distinctiveness

The quality of being easily distinguishable from others due to unique attributes or characteristics.

Consistency

The quality of being uniform, stable, and free from contradiction over time.

Internal Causes

Factors within a person, such as their traits, emotions, or beliefs, that contribute to their behavior or actions.