Scarcity

question 34

Multiple Choice

Scarcity:

• A) is the fundamental principle of economics
• B) applies to tangible goods, but not to intangible goods
• C) does not hold for the major religions of the world
• D) explains why we purchase ipods and trips to Florida

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Definitions:

North America

A continent located in the Northern Hemisphere, bounded by the Arctic Ocean, Atlantic Ocean, and the Pacific Ocean, comprising primarily of Canada, the United States, and Mexico.

Australia

A country and continent surrounded by the Indian and Pacific oceans, known for its Sydney Opera House, Great Barrier Reef, and unique wildlife.

Same-sex Activity

Romantic or sexual acts between individuals of the same sex.

Sexual Orientation

Sexual orientation denotes an individual's pattern of emotional, romantic, or sexual attraction to others, based on their gender.