Scarcity Is

question 76

Multiple Choice

Scarcity is:

• A)a problem only in modern industrialized economies.
• B)a problem only in underdeveloped economies
• C)a problem only in centrally planned economies.
• D)a problem that necessitates tradeoffs
• E)a problem that can only be eliminated by the government

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Definitions:

Divorce

The legal dissolution of a marriage by a court or other competent body.

Conscientiousness

A characteristic of personality that is marked by being well-organized, reliable, and having a profound sense of responsibility.

Extraversion

A characteristic of a person that involves being extroverted, energetic, and friendly.

Personality Traits

Enduring characteristics that describe an individual's behavior across various situations.