Which of the Following Statements Is True Regarding Scarcity

question 63

Multiple Choice

Which of the following statements is true regarding scarcity?

• A)An economy experiences scarcity only when the incomes of its citizens decline.
• B)Scarcity affects poorer countries only.
• C)Scarcity could be overcome if people would make all choices in the social interest.
• D)All citizens in a wealthy economy experience scarcity.
• E)Poor people experience scarcity more often than do rich people.

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Definitions:

Ambiguous Genitalia

A condition present at birth where the external genitals do not have the typical appearance of either a male or female.

Sex Variant Genitalia

Refers to a range of physical variations in the genitalia that do not fit typical binary notions of male or female bodies.

Glass Ceiling

An invisible barrier that prevents marginalized or minority groups, particularly women, from advancing beyond a certain level in a hierarchy or organization, despite qualifications or achievements.

Precarious Employment

Employment that includes, but is not limited to, part-time, temporary, or contract work with uncertain hours, low wages, and limited to no benefits.