Scarcity Arises Because

question 350

Multiple Choice

Scarcity arises because

• A) resources are finite and are inadequate to meet all human wants and needs.
• B) import taxes depress the rate of growth of goods and services production.
• C) international companies are slow to explore for new resources.
• D) many countries waste goods because of inefficient political systems.

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Definitions:

Attention Hypothesis

A theory suggesting that the ability to pay attention to specific stimuli or tasks is a critical factor in cognitive performance and learning.

Automatization

The process by which a task becomes automatic after extensive practice, requiring less cognitive effort to perform.

Practice Phase

A period in the learning process dedicated to repeated performance or exercise of a task, aiming to improve efficiency, accuracy, or understanding.

Cell Phone Use

The utilization of mobile phones for various purposes, including communication, entertainment, and accessing information.