The Scarcity Principle Tells Us ________, and the Cost-Benefit Principle

question 128

Multiple Choice

The Scarcity Principle tells us ________, and the Cost-Benefit Principle tells us ________.

• A)that choices must be made; how to make good choices
• B)that good choices eliminate scarcity; how to make good choices
• C)how to make choices; that choices must be made
• D)how to make good choices; that choices involve costs and benefits

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Definitions:

Narcissism

A personality trait or disorder characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Self-Important

Pertains to an exaggerated estimation of one's own importance or significance.

Hour-By-Hour Facebook Postings

The act of updating one's Facebook timeline with posts or status updates at hourly intervals.

Resolution to Lose Weight

A personal commitment or decision to undergo a process of reducing one’s body weight, typically as a New Year's resolution.