Which of the Following Statements About Economic Scarcity Is FALSE

question 320

Multiple Choice

Which of the following statements about economic scarcity is FALSE?

• A) Scarcity occurs among the poor and the rich.
• B) Scarcity only occurs if there are shortages and people wait in line to buy things.
• C) Scarcity results from not having enough resources to produce all the things we want.
• D) Scarcity results in the necessity to make choices.

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Definitions:

Lie Detection

The process of determining whether a person is telling the truth through various methods, including technology, observation, and psychology.

Polygraph

A machine used in attempts to detect lies that measures emotion-linked changes in perspiration, heart rate, and breathing.

Electrocardiograph

A medical device used to record the electrical activity of the heart over a period of time.

Sympathetic Division

Part of the autonomic nervous system responsible for the body's 'fight or flight' response, activating physiological changes during times of stress or emergency.