Which of the Following Statements Is True

question 64

Multiple Choice

Which of the following statements is true?

• A) Gold is not a scarce resource.
• B) Both life-saving drugs and ice cream are examples of scarce goods.
• C) If a scarce resource is given away for free, everyone will be able to consume it.
• D) Scarcity means that there is an imbalance between unlimited resources and limited wants.

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Definitions:

British Government

The central government of the United Kingdom of Great Britain and Northern Ireland, which operates under a parliamentary system.

Multiple Points

Various aspects or considerations related to a specific topic or argument.

Political Precedent

A decision made in politics that sets an example or standard for future actions or decisions.

Representative Assembly

A legislative body composed of members elected or appointed to act on behalf of a larger group or constituency in making laws and policies.