Scarcity

question 68

Multiple Choice

Scarcity:

• A) exists because resources are unlimited while human wants are limited.
• B) means we are unable to have as many goods and services or as much time for activities as we would like to have.
• C) will likely be eliminated as technology continues to expand.
• D) is not an issue addressed in economics.

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

Buzzer

A device that produces a buzzing sound, often used as a signal or alarm.

Unconditioned Response

A spontaneous and inherent response to a stimulus that happens without previous learning or conditioning.

Spontaneous Recovery

The reappearance, after a pause, of an extinguished conditioned response in classical conditioning.