The Primary Economic Reason Why People Cannot Have Everything They

question 20

Multiple Choice

The primary economic reason why people cannot have everything they want is because

• A)people are selfish.
• B)scarcity exists.
• C)there is not enough economic growth in the world.
• D)the population of the world is declining.

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Definitions:

Aging in Place

The ability to live in one's own home and community safely, independently, and comfortably, regardless of age, income, or ability level.

Old-Age Benefits

Financial support or services provided to individuals when they reach retirement age, often through government or private pension schemes.

Single-Person Households

Living arrangements in which an individual lives alone in a dwelling, reflecting a specific lifestyle or sociodemographic trend.

Home Ownership

The state or condition of owning a residential dwelling or property.