Every Society Must Deal with the Problem of Scarcity Because

question 57

Multiple Choice

Every society must deal with the problem of scarcity because

• A) people do not have enough money to buy everything they need.
• B) government taxes consumers too much.
• C) human beings become satiated as consumption increases.
• D) human wants are nearly unlimited relative to the availability of resources.
• E) productive resources, technology, and labor are unlimited.

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Definitions:

Years of Experience

The length of time someone has spent in their profession or a particular field of work.

Teacher

A person who instructs students in a variety of subjects or skills, often in a school setting.

Explanatory

Pertaining to a variable or factor that is proposed to predict or account for changes in a response variable in the context of statistical analysis or scientific research.

Response

The reaction or reply to a stimulus or a specific experimental treatment in research.