Scarcity Means That There Is Less of a Good or Resource

question 62

True/False

Scarcity means that there is less of a good or resource available than people wish to have.

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Definitions:

Psychological Needs

Fundamental emotional or cognitive requirements for well-being and effective functioning, such as autonomy, competence, and relatedness.

Autonomous Motivation

The drive to perform an activity for its inherent satisfaction or enjoyment, rather than external pressures or rewards.

Relationships

How two or more ideas, items, or individuals are linked together, or the condition of being linked.

Chance

The occurrence of events in the absence of any obvious intention or cause; luck.