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:

Appropriate Style

A manner or way of acting, speaking, or presenting that is considered suitable or fitting for a specific context or situation.

Passive Management

A leadership approach where managers may avoid making decisions or taking actions, often leading to a lack of direction or control.

Standards Not Met

The condition of failing to reach established criteria or expected levels of quality.

Bankruptcy Estate

All legal or equitable interests of the debtor in property at the time of the bankruptcy filing, governed by bankruptcy law.