The Idea That Because of Scarcity, Producing More of One

question 70

Multiple Choice

The idea that because of scarcity, producing more of one good or service means producing less of another good or service refers to the economic concept of

• A)optimization.
• B)efficiency.
• C)trade-off.
• D)equity.

---

Definitions:

Genetically Influenced

Genetically influenced refers to traits, behaviors, or conditions that have their origins in an individual's DNA, shaped by the combination of genes inherited from their parents.

Spice

Often a reference to synthetic cannabinoids, designer drugs that mimic THC, the active substance in marijuana, causing psychoactive effects.

K2

The second-highest mountain in the world, located on the China-Pakistan border, part of the Karakoram range.

THC

Tetrahydrocannabinol, the psychoactive compound found in cannabis that is responsible for its mind-altering effects.