Which Statement Is True

question 105

Multiple Choice

Which statement is true?

• A)Scarcity is simply a lack of money.
• B)Our society has been so affluent in the last 50 years that scarcity is only a minor problem.
• C)The economic problem refers to the problem of poverty.
• D)If scarcity did not exist there would be no need to economize.

---

Definitions:

Researchers

Individuals who conduct systematic investigations and studies to discover or interpret new knowledge in various academic, scientific, or social contexts.

Data

The systematic information that sociologists use to investigate research questions.

Grant Money

Financial funds provided by a government, organization, or individual for a specific purpose, which do not require repayment.

Serendipitous

Characterized by the occurrence of discoveries or events in a happy or beneficial way by accident or chance.