As a Consequence of the Condition of Scarcity

question 28

Multiple Choice

As a consequence of the condition of scarcity:

• A) there is never enough of anything.
• B) production has to be centrally planned.
• C) things that are plentiful have relatively high prices.
• D) individuals and communities have to make choices from among alternatives.

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Definitions:

Self-Monitoring

The tendency to adapt behavior to fit the demands of the situation.

Self-Migration

Self-Migration describes the process by which individuals voluntarily move from one location to another, often for reasons such as employment, education, or personal growth.

Casual

something done without much thought or premeditation, often reflecting a relaxed or informal nature.

Formal

Relating to or involving the outward form or structure of something, often characterized by strict or established conventions or procedures.