Which One of the Following Is a Necessary Consequence of Scarcity

question 19

Multiple Choice

Which one of the following is a necessary consequence of scarcity?

• A)no choices required
• B)high profits
• C)the requirement of making choices
• D)all wants are satisfied
• E)low profits

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Definitions:

Laptop Computers

Portable personal computers equipped with a keyboard and a main screen, suitable for mobile use.

Take Notes

The act of recording important information from a text, lecture, or conversation to help remember and understand it better.

Scatterplot

A graph in statistics that shows the values of two variables for a given dataset.

Ellipse

A geometric shape characterized by an oval figure centered around two focal points such that the sum of the distances to these foci is constant for every point on the curve.