Scarcity Can Best Be Defined as a Situation in Which

question 7

Multiple Choice

Scarcity can best be defined as a situation in which

• A) there are no buyers willing to purchase what sellers have produced.
• B) there are not enough goods to satisfy all of the buyers demands.
• C) resources are limited in quantity and can be used in different ways.
• D) there is more than enough money to satisfy consumers wants.

---

Definitions:

Dominance

In genetics, the phenomenon where one variant of a gene (allele) masks or overrides the expression of a different allele at the same locus.

Recessive Allele

An allele that produces its characteristic phenotype only when its paired allele is identical.

Heterozygous

A genetic condition where an individual has two different alleles at a specific locus on a chromosome, resulting in a mixture of genetic information for a particular trait.