As a Consequence of the Problem of Scarcity

question 66

Multiple Choice

As a consequence of the problem of scarcity,

• A) there is never enough of anything.
• B) individuals have to make choices from among alternatives.
• C) only some people can "have it all."
• D) things which are plentiful have relatively high prices.

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Definitions:

Backchannels

Secondary or indirect channels of communication that can occur simultaneously with the primary communication flow.

Techno-social System

A system that encompasses both technological and social elements, focusing on the interplay between technological advancements and social structures.

Participants

Individuals who take part in an activity or event.

Network Effect

The phenomenon whereby a product or service gains additional value as more people use it, enhancing its utility and attraction.