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:

Franz Boas

An anthropologist often considered the father of American anthropology, known for his work on cultural relativism and criticisms of scientific racism.

Inferior Races

A discredited and harmful concept implying that certain human groups are inherently less valuable or capable than others based on racial differences.

Overweight

A medical condition characterized by excess body fat that may have negative effects on health, often defined by a BMI between 25 and 29.9.

Thrifty Genotype

A hypothesis that suggests certain populations have a genetic predisposition to efficiently store fat to survive famines, which can lead to obesity in environments with plentiful food.