The Basic Economic Problem of Scarcity

question 25

Multiple Choice

The basic economic problem of scarcity

• A)has always existed and will continue to exist.
• B)will eventually disappear as technology continues to advance.
• C)is a problem only in developing economies.
• D)does not apply to the wealthy in society.

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Definitions:

ANS

Acronym for Autonomic Nervous System, which controls involuntary body functions like heartbeat, digestion, and breathing.

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conserving energy and promoting "rest and digest" responses.

Postganglionic Axons

The axons of neurons that relay signals from the autonomic ganglia to the target organs in the peripheral nervous system.

Preganglionic Fibers

Nerve fibers that extend from the central nervous system to the ganglia in the autonomic nervous system.