Which of the Following Statements Is True

question 41

Multiple Choice

Which of the following statements is true?

• A)Goods are scarcer than services in an economy.
• B)Goods are scarce for neither the poor nor the rich.
• C)Goods are scarce for both the poor and the rich.
• D)Goods are scarce for the poor but not for the rich.
• E)Goods are scarce for the rich but not for the poor.

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Definitions:

Posterior Probability

The revised probability of an event occurring after taking into consideration new information.

Prior Probability

The probability of an event before new data or information is taken into account.

Conformation

The spatial arrangement of atoms in a molecule that can be altered by rotation around single bonds without breaking chemical bonds.

Hexadiene

An organic compound with the formula C6H10, which contains two double bonds and is used as a monomer in polymer synthesis.