Scarcity

question 17

Multiple Choice

Scarcity

• A)stems from the incompatibility between limited resources and unlimited wants.
• B)can be overcome by discovering new resources.
• C)can be eliminated by rationing products.
• D)is a bigger problem in market economies than in socialist economies.

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Definitions:

Fraudulent Use of Transit

The unauthorized use or manipulation of transportation systems or services for deceptive or unlawful purposes.

False Pretenses

Obtaining property, goods, or services from another by misrepresentation or deceit, typically involving a false statement of fact.

Check Kiting

A form of fraud involving the deliberate issuing of checks from insufficiently funded accounts to temporarily inflate financial balances.

Check Defalcation

The misappropriation or embezzlement of funds represented by a check, usually occurring when someone fraudulently misuses a check entrusted to them.