In Order for Scarcity to Exist, It Must Be That

question 56

Multiple Choice

In order for scarcity to exist, it must be that:

• A) there is a finite amount of a resource
• B) more people want the resource than there is available of it
• C) the resource is non-renewable
• D) nobody wants to purchase the resource

---

Definitions:

Grilled-cheese Sandwiches

A type of sandwich generally made with cheese between slices of bread, which is then heated until the bread crisps and the cheese melts.

Asthma

A chronic respiratory condition characterized by episodes of airway constriction, leading to wheezing, shortness of breath, chest tightness, and coughing.

Catastrophic Thinking

A cognitive distortion involving irrational thoughts that something is far worse than it actually is.

Albert Ellis

A psychologist best known for developing rational emotive behavior therapy (REBT), which focuses on identifying and changing irrational beliefs.