Scarcity Implies That

question 187

Multiple Choice

Scarcity implies that:

• A) consumers are too poor to afford the goods and services available.
• B) at the current market price, consumers are willing to purchase more of a good than suppliers are willing to produce.
• C) it is impossible to completely fulfill the unlimited human desire for goods and services with the limited resources available.
• D) consumers would be willing to purchase the same quantity of a good at a higher price.

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Definitions:

Antidepressant

A type of medication designed to alleviate symptoms of depressive disorders by modifying brain chemistry.

Antianxiety

Relating to or denoting drugs used to prevent or reduce anxiety, often by affecting the central nervous system.

Affective Disorder

A class of mental health disorders characterized by significant alternations in mood, potentially leading to periods of depression or heightened emotionality.

Bipolar

A psychiatric disorder that causes extreme mood swings, which include emotional highs (mania or hypomania) and lows (depression).