Scarcity Arises Because

question 36

Multiple Choice

Scarcity arises because

• A)resources are finite and are inadequate to meet all human wants.
• B)production of goods and services is always slow.
• C)companies are slow to explore for new resources.
• D)a large number of people live in poverty.

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Definitions:

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge, etc.—to oneself and to others and to understand that others have beliefs, desires, intentions, and perspectives that are different from one's own.

False Belief

An understanding that others can hold beliefs or perspectives that are different from one's own, even if those beliefs are incorrect; a critical aspect of theory of mind.

Mental Perspective

An individual's point of view or way of regarding situations, facts, etc., which impacts their thoughts and behaviors.

Autism Spectrum Disorder

A range of neurodevelopmental conditions characterized by challenges with social communication, repetitive behaviors, and restricted interests.