When Does Scarcity Exist

question 135

Multiple Choice

When does scarcity exist?

• A) when there is less than an infinite amount of a resource or good
• B) when society can meet the wants of every individual
• C) when there is less of a good or resource available than people wish to have
• D) when the government fails to produce goods

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Definitions:

Recall

The act of retrieving information or memories from one's past without the aid of specific cues for retrieval.

List Learning

is a memory process that involves remembering a series of items or elements in a particular order.

Sensory Memory

A type of memory that holds sensory information for a few seconds after the item is perceived.

Visual Search

The process of visually scanning an environment or scene to locate a particular object or feature among other distractors.