Scarcity

question 28

Multiple Choice

Scarcity

• A) is the inability to satisfy all our wants.
• B) leads to higher prices.
• C) applies only to people living in poverty.
• D) is not something that affects very rich people.
• E) used to exist everywhere but has been eliminated in advanced economies.

---

Definitions:

Corporate Governance

A system of rules, practices, and processes by which a company is directed and controlled, focusing on the interests of stakeholders.

Shift

Represents a change or movement in position, direction, or focus, often used in the context of work schedules, economic trends, or paradigm changes in various fields.

Legislative Changes

Amendments or modifications made to existing laws or the enactment of new laws by a governing body.

Legal Decisions

Outcomes of judicial procedures that establish precedents or resolve disputes.