The Phenomenon of Scarcity Stems from the Fact That

question 80

Multiple Choice

The phenomenon of scarcity stems from the fact that

• A)most economies' production methods are not very good.
• B)in most economies, wealthy people consume disproportionate quantities of goods and services.
• C)governments restrict production of too many goods and services.
• D)resources are limited.

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Definitions:

Deontological Evaluation

An ethical assessment based on the principle that the morality of an action is based on its adherence to rules or duties, regardless of the outcomes.

Ethical Dilemma

A situation where one must make a decision between two or more morally correct actions that cannot both be undertaken.

8th Amendment

An amendment to the U.S. Constitution that prohibits the federal government from imposing excessive bail, excessive fines, or cruel and unusual punishment.

Cruel and Unusual Punishment

Punishment that is considered unacceptable due to the suffering, pain, or humiliation it inflicts on the person subjected to it.