Which of the Following Is Not an Example of Scarcity

question 5

Multiple Choice

Which of the following is not an example of scarcity?

• A)Only some people can afford to buy a BMW automobile.
• B)Every individual in society cannot attain the highest standard of living to which he or she might aspire.
• C)Miranda has more oranges in her orchard than she will ever use.
• D)Each member of a household cannot get everything he or she wants.

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Definitions:

Discrimination

Unfair treatment or prejudicial consideration based on class, category rather than individual merit, notably in contexts like race, age, or gender.

Objectively

In a manner that is not influenced by personal feelings or opinions, based on facts.

Signaling Theory

A theory that explains how individuals or businesses convey information about themselves to differentiate from others, particularly in contexts of asymmetrical information.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means such as teaching, training, storytelling, and discussion.