Scarcity Results from the Fact That

question 56

Multiple Choice

Scarcity results from the fact that

• A) people's wants exceed the resources available to satisfy them.
• B) not all goals are desirable.
• C) we cannot answer the major economic questions.
• D) choices made in self-interest rare not always in the social interest.
• E) the population keeps growing.

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Definitions:

Manipulating Factors

Variables that researchers or experimenters actively change or control to observe their effects on other variables.

Semantic Differential Scale

A survey or questionnaire tool that measures the connotative meaning of objects, events, or concepts across a range of polar adjectives.

Likert Scale

A survey-based measurement system used to gauge opinions or attitudes by offering a range of response options from one extreme to another.

Dichotomous Question

A survey question format that offers two distinct options, such as 'Yes or No,' for respondents to choose from.