Scarcity Is a Situation in Which

question 125

Multiple Choice

Scarcity is a situation in which

• A) people cannot satisfy all their wants.
• B) most people can get only bare necessities.
• C) people can satisfy all their wants.
• D) some people can get all they want and some cannot.

---

Definitions:

Choice Reaction Time

The time it takes for a person to make a decision between multiple stimuli, indicating the speed of decision making and cognitive processing.

Lexical Access Time

The amount of time it takes for a person to retrieve and recognize a word from memory, reflecting efficiency in language comprehension.

Cognitive Strategies

Techniques that individuals use to process information more effectively, aiding in learning, remembering, and problem-solving.

Executive Control Processes

Executive control processes involve the management of cognitive processes, including working memory, reasoning, task flexibility, and problem solving, as well as planning and execution.