The Perpetual State of Insufficiency of Resources to Satisfy People's

question 45

Multiple Choice

The perpetual state of insufficiency of resources to satisfy people's unlimited wants is:

• A) not a problem in developed countries.
• B) a contradiction that cannot be solved.
• C) completely unrealistic.
• D) present in the modern economies but not in the past.
• E) the definition of scarcity.

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Definitions:

Accommodation

In cognitive psychology, the process by which existing mental schemas are modified or new schemas are created to absorb new information.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, pretending, knowledge—to oneself and others and to understand that others have beliefs, desires, and intentions that are different from one's own.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed (seen, heard, touched, smelled, or sensed in any way).

False Belief

A misunderstanding or incorrect interpretation about the state of the world, often studied in the context of cognitive and developmental psychology.