Which of the Following Is True

question 15

Multiple Choice

Which of the following is true?

• A)Intangible services cannot be subjected to economic analysis.
• B)Wealthy individuals who decide to donate money to charity do not face the constraints of scarcity.
• C)An increase in production would enable us to eliminate scarcity.
• D)Intangible services can be subjected to economic analysis.
• E)Abundant resources are not subjected to economic analysis.

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Definitions:

Cognitive Processes

Mental activities involved in acquiring, storing, and using knowledge, such as perception, memory, and reasoning.

Behavioral Responses

The actions or reactions of an individual in response to external or internal stimuli.

Variable-Interval Schedule

A reinforcement schedule in which the first response is rewarded only after a variable amount of time has elapsed.

Superstitious Behavior

Actions that are repeated because they are believed, without evidence, to influence future outcomes, often seen as a response to uncertainty or lack of control.