If Scarcity Didn't Exist,neither Would

question 157

Multiple Choice

If scarcity didn't exist,neither would

• A) rationing devices.
• B) competition.
• C) labor.
• D) capital.
• E) a and b

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Definitions:

Non-Incumbent

An individual or party who is not currently holding or occupying a particular office or position, especially in the context of elections.

Name Recognition

The degree to which a person's or brand’s name is familiar to the public.

Ballot

A device or paper used to cast a vote in an election, typically containing choices of candidates or policy proposals.

Political Appointees

Individuals who are selected for governmental positions based on their affiliation and loyalty to the political party in power, rather than through a merit-based or competitive process.