Scarcity Can Be Eliminated Through

question 101

Multiple Choice

Scarcity can be eliminated through

• A) the use of market mechanisms.
• B) exploration that helps us find new resources.
• C) wise use of our resources.
• D) None of the above because scarcity cannot be eliminated.

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Definitions:

Stare Decisis

A legal principle that obligates courts to follow historical case law when making a ruling on a similar case.

Superior Trial Court

A high-level court of law that has the authority to hear both civil and criminal cases, including appeals from lower courts.

Courts of Equity

Courts that decide cases on the basis of fairness and justice, applying principles of equity rather than strict legal rules.

Provincial Court

A provincial court is a lower-level court in Canada dealing with less serious criminal offences, family law matters, and other regulatory offences.