Because People's Wants Are Unlimited but Resources Are Scarce

question 4

Multiple Choice

Because people's wants are unlimited but resources are scarce,

• A)only the rich get everything they want
• B)choices must be made
• C)there will be more services produced than goods
• D)people search for spiritual fulfillment rather than material fulfillment
• E)poor people never get anything they want

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Definitions:

Private Law

The rules that govern our personal, social, and business relations, which are enforced by one person’s suing another in a private or civil action

Procedural Law

The law determining how the substantive laws will be enforced, including the rules governing arrest and criminal investigation, or pre-trial and court processes in both criminal and civil cases.

Roman Civil Law

The law of the Roman Empire, from which the common law drew its concepts of property and possessions.

Feudal System

A social and economic system prevalent in medieval Europe, characterized by the hierarchy of lords who held land in exchange for service and loyalty from vassals.