Which of the Following Statements About Scarcity Is True

question 99

Multiple Choice

Which of the following statements about scarcity is true?

• A)Scarcity refers to the situation in which unlimited wants exceed limited resources.
• B)Scarcity is not a problem for the wealthy.
• C)Scarcity is only a problem when a country has too large a population.
• D)Scarcity only arises when there is a wide disparity in income distribution.

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Definitions:

Mutual Aid

A form of voluntary reciprocal exchange of resources and services for mutual benefit, emphasizing solidarity and cooperation among participants.

Emotional Support

Assistance provided through empathy, concern, and affection to help individuals cope with stress, challenges, or emotional distress.

Problem Solving

A method of identifying a problem, finding alternative solutions, and choosing and implementing the most suitable solution.

Reference Group

A group that individuals compare themselves to for self-evaluation or guidance in forming attitudes and behaviors.