When Is a Good Considered Scarce in a Society

question 105

Multiple Choice

When is a good considered scarce in a society?

• A) when more output of the good is possible
• B) when everyone in that society cannot have all they want of the good
• C) when the government restricts production of the good
• D) when only the richest people in the economy can buy all they want of the good

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Definitions:

Marriage Partner

An individual chosen to enter into a legally and/or socially recognized matrimonial relationship with another.

Passionate Love

An intense emotional state characterized by a powerful longing for union with another, often accompanied by physiological arousal.

Companionate Love

A form of love characterized by deep affection, friendship, and emotional intimacy, as opposed to passionate love or infatuation.

Sexual Orientation

The inherent or enduring emotional, romantic, or sexual attraction that one feels towards others, categorized by the gender of those to whom one is attracted.