If Scarcity Didn't Exist

question 19

Multiple Choice

If scarcity didn't exist

• A)We would still have to choose among alternatives
• B)We would still need to study economics
• C)All prices would be zero
• D)All prices would be infinite

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Definitions:

Stress Reactions

Stress reactions are the body's response to any demand or challenge, which can be physical, mental, or emotional.

Middle Adulthood

A stage in human development that typically covers the period from the mid-40s to about the mid-60s, focusing on personal and professional growth, aging, and facing different life transitions.

Early Adulthood

A period in human development that typically ranges from late teens or early twenties to the thirties, characterized by exploration and establishing life goals.

Elderly

The elderly category refers to individuals typically aged 65 and above, characterized by various biological, psychological, and social changes.