Which of the Following Statements Is True About Scarcity

question 323

Multiple Choice

Which of the following statements is true about scarcity?

• A) Scarcity refers to the situation in which unlimited wants exceed limited resources.
• B) Scarcity is not a problem for the wealthy.
• C) Scarcity is only a problem when a country has too large a population.
• D) Scarcity arises when there is a wide disparity in income distribution.

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Definitions:

Cell Theory

A fundamental biological principle stating that all living organisms are composed of cells, which are the basic unit of life.

Prokaryotic Cell

A simple, unicellular organism without a nucleus or other membrane-bound organelles, such as bacteria.

Bacterium

Single-celled prokaryotic organisms that are members of the domain Bacteria. Lack a nucleus and membrane-bound organelles.

Cell Theory

A fundamental scientific theory that postulates that all living organisms are composed of cells, that the cell is the basic unit of life, and that all cells come from pre-existing cells.