Scarcity Refers to

question 318

Multiple Choice

Scarcity refers to

• A) a shortage in a good or service.
• B) the ability of society to consume all that it produces.
• C) the inability of society to satisfy all human wants because of limited resources.
• D) the inability of an individual to purchase a good or service due to her limited income.

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Definitions:

Drive-Reduction Theory

A theory in psychology that explains motivation as being based on the goal of eliminating uncomfortable states.

Boredom

A state of mind characterized by a perceived lack of interest in one's surroundings, leading to feelings of frustration or disengagement.

Motivational Theories

Theories that seek to understand, explain, and predict how and why people are motivated to act in certain ways under various conditions.

Arousal Theory

A theory in psychology that suggests that people are motivated to maintain an optimal level of arousal, which can vary from one person to another.