In the Context of Methods of Influence, Scarcity Is _____

question 39

Multiple Choice

In the context of methods of influence, scarcity is _____.

• A)a principle of influence whereby people try to repay what others have provided them at times of adversity
• B)a principle of influence whereby people determine what is right, correct, or desirable by seeing what others do
• C)a principle of influence whereby people think there is limited availability of something they want, so they must act quickly
• D)a principle of influence whereby people are more easily persuaded by people who they admire
• E)a principle of influence whereby different people have different needs which have to be constantly fulfilled

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Definitions:

Product Price

The financial cost at which a good or service is sold to consumers in the market.

Deregulation

The removal of most or even all of the government regulation and laws designed to supervise an industry. Sometimes undertaken to combat regulatory capture.

Industrial Regulation

Government policies aimed at regulating the operations of industries to prevent unfair practices and ensure competition.

Net Benefits

The total benefits of some activity or policy less the total costs of that activity or policy.