Scarcity Means

question 135

Multiple Choice

Scarcity means

• A)not being able to satisfy all of everyone's needs.
• B)not being able to satisfy all of everyone's wants.
• C)having too little of a product to serve all customers who wish to buy it.
• D)the same thing as shortage.

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Definitions:

Short-Term Memory

A component of memory where small amounts of information can be held for a short period of time, typically seconds to minutes.

Older Adults

Individuals who are typically 65 years of age or older, often experiencing changes in health, social, and cognitive functions.

Changes

The act or process through which something becomes different than it was previously.

Young-Old

A term used to describe older adults who are typically in their 60s to early 70s, often considered to be in good health and active.