The Problem of Economic Scarcity Applies

question 63

Multiple Choice

The problem of economic scarcity applies

• A) only in industrially developed countries, because resources are scarce in these nations.
• B) only in underdeveloped countries, because there are no productive resources in these nations.
• C) only in economic systems that are just beginning to develop, because specialized resources are scarce in developing nations.
• D) to economic systems in all nations, regardless of their level of development.

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Definitions:

Social-interaction Skills

Abilities used to communicate, engage with, and understand others during social interactions.

Extraversion

A personality trait characterized by outgoingness, high energy, and a preference for social interaction.

Agreeable

Pleasant and easy to like or agree with.

Predictors

Variables or factors that are used to anticipate future events, trends, or behaviors based on current or previous data.