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.

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Definitions:

Predicting Behavior

The process of using observed or known information to make educated guesses about future actions or responses.

SAT Scores

Standardized test scores used in the United States for college admissions, reflecting a student's verbal, mathematical, and writing skills.

GPAs

Grade Point Averages, a numerical calculation that represents the average value of the accumulated final grades earned in courses over time.

Predicting Behavior

The process of forecasting future actions based on past and present data or trends.