A Good or Service Is Said to Be Scarce When

question 42

Multiple Choice

A good or service is said to be scarce when:

• A)its price is too low.
• B)it is offered only to high income earners.
• C)no one wishes to purchase it.
• D)it cannot be transported easily.
• E)at a price of zero,there will not be enough to satisfy everyone's desire for it.

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Definitions:

Optic Chiasm

The part of the brain where the optic nerves partially cross, located at the base of the brain and is crucial for visual processing.

Lens

A curved piece of glass or other transparent material used in optical devices to focus or disperse light and form images.

Microelectrodes

Small electrodes used to record electrical activity from single neurons or to stimulate precise areas in the brain or nervous system.

Visual Cortex

The part of the cerebral cortex that receives and processes sensory nerve impulses from the eyes.