Scarcity Is

question 229

Multiple Choice

Scarcity is:

• A)only a problem in modern industrialized economies.
• B)only a problem in impoverished economies.
• C)only a problem in centrally planned economies.
• D)a word meaning that there is a shortage of goods at the current market price.
• E)a problem that necessitates making choices and tradeoffs.

---

Definitions:

Values Conflict

Conflict that occurs when one set of values clashes with another, and a decision has to be made.

Chronic Stress

A prolonged and constant feeling of stress that can negatively affect an individual's health over time.

Immune System

The complex network of cells, tissues, and organs that work together to defend the body against harmful pathogens, diseases, and infections.

Hypostress

A condition of under-stimulation or boredom, where an individual experiences a lack of stress, causing difficulties in mental and physical health.