Which of the Following Is True Regarding Scarcity

question 57

Multiple Choice

Which of the following is true regarding scarcity?

• A)Scarcity could be eliminated if all economies of the world would work together to solve world hunger.
• B)Scarcity could be eliminated if we had full employment.
• C)It is impossible to eliminate scarcity, given limited resources and unlimited wants.
• D)Scarcity could be eliminated if all economies of the world would adopt communism.
• E)Scarcity could be eliminated if all economies of the world would adopt a free market system.

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Definitions:

Empiricism

A philosophy that states knowledge comes primarily from sensory experience.

Behaviourism

A theory of learning which states that all behaviors are acquired through conditioning processes influenced by the environment, without the need for thoughts or feelings.

Psychoanalysis

A therapeutic technique and theory of psychology developed by Sigmund Freud, focusing on unconscious motivations and conflicts as they influence behavior.

Humanism

A psychological perspective that emphasizes the individual's inherent drive towards self-actualization and creativity.