Because of Scarcity

question 105

Multiple Choice

Because of scarcity,

• A) costs are incurred in making choices.
• B) we attempt to utilize our resources as efficiently as possible.
• C) we must make choices between production possibilities.
• D) we are unable to produce all we would like to produce.
• E) all of these.

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Definitions:

Subsistence Levels

The minimum levels of resources required by an individual or population to maintain basic health and life.

Developmental Niche

The unique physical, social, and cultural settings that shape an individual's development, including parenting practices and environmental influences.

Poverty

A condition where individuals lack sufficient financial resources to meet their basic needs such as food, shelter, and clothing.

Independent Of Adults

The stage or ability of an individual, typically a child or adolescent, to perform tasks, make decisions, and solve problems without reliance on adults.