Scarcity Requires That We

question 21

Multiple Choice

Scarcity requires that we:

• A) make sure we only want things that we are capable of consuming and producing.
• B) change our fiscal policy until the situation of scarcity is eliminated.
• C) make decisions in order to arrange our resources rationally.
• D) adopt economic policies that will lead to unlimited resources.

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Definitions:

Arms and Legs

Extremities of the human body, where arms are the upper limbs involving the shoulders to the hands, and legs are the lower limbs extending from the hips to the feet.

Teratogens

Agents, such as chemicals or viruses, that can cause harm to a developing fetus.

Embryo

The early developmental stage of an organism, in humans, this phase lasts from the second to the eighth week of pregnancy.

Fetus

A developing human from roughly eight weeks after conception to the moment of birth.