Which of the Following Statements Is TRUE About Scarcity

question 206

Multiple Choice

Which of the following statements is TRUE about scarcity?

• A) Both rich and poor people face the problem of scarcity.
• B) Scarcity exists only when supply is insufficient to meet demand.
• C) Scarcity exists only when a shortage exists.
• D) Scarcity can be eliminated when a country becomes richer.

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Definitions:

Coronary Heart Disease

A condition characterized by reduced blood flow to the heart muscle due to build-up of plaque in the arteries of the heart.

Percent

A mathematical term representing a part per hundred, used to describe proportions, ratios, or fractions in terms of hundredths.

Deaths

The act of dying; the end of life; the total and permanent cessation of all the vital functions of an organism.

Culturally-Modified

Adjustments made to interventions, practices, or assessments to make them more relevant and effective in specific cultural contexts.