Which of the Following Is Not an Example of Scarcity

question 270

Multiple Choice

Which of the following is not an example of scarcity?

• A) Only some people can afford to buy a Ferrari.
• B) Every individual in society cannot attain the highest standard of living to which he or she might aspire.
• C) Doug has an unlimited supply of apples in his orchard.
• D) Each member of a household cannot get everything he or she wants.

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Definitions:

Absolute Value Inequality

An inequality that involves the absolute value of a variable expression, requiring consideration of both positive and negative solutions.

Set Notation

A mathematical notation used for describing a collection of distinct objects, typically in the form of {a, b, c,...}.

Solution

The value or values that satisfy an equation, inequality, or system of equations.

Absolute Value

The distance of a number from zero on the number line, disregarding whether it is positive or negative.