Scarcity Exists Because

question 127

Multiple Choice

Scarcity exists because

• A)of unlimited resources.
• B)human wants are enormous relative to the means available to satisfy them.
• C)production is limited only by technology and human energy.
• D)advertising creates unnatural desires for surplus goods.

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Definitions:

Malignant Tumours

Cancerous growths that have the ability to invade nearby tissues and spread to other parts of the body.

Blood

A vital liquid in humans and animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often used to quantify the risk of the security or market.

Ether

is a class of organic compounds characterized by an oxygen atom connected to two alkyl or aryl groups, historically used as an anesthetic.