Scarcity Means That

question 333

Multiple Choice

Scarcity means that

• A) what we can produce with our resources is greater than our material wants.
• B) resources are unlimited.
• C) wants are greater than what we can produce with out resources.
• D) governments must make up for shortages in resources.
• E) choices made in self-interest cannot be the same as those made in the social interest.

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Definitions:

Recall

The mental process of retrieving information from the past, often without the aid of explicit cues.

Events

Occurrences or happenings that are significant in some way to the environment or individuals.

Mood-congruent Memory

The tendency to recall experiences that are consistent with one's current mood.

State-dependent Memory

The phenomenon where information learned in a particular state of mind is more easily recalled when in that same state.