If Scarcity Was Not a Fact

question 105

Multiple Choice

If scarcity was not a fact,

• A)​people could have all they wanted of goods and services for free.
• B)​it would no longer be necessary to make choices.
• C)​poverty, defined as the lack of a minimum level of consumption would also be eliminated.
• D)​all of the above would be true.

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Definitions:

Leaders' Traits

Innate characteristics and qualities that contribute to an individual's effectiveness in leadership roles, such as decisiveness, intelligence, and charisma.

Integrity

The quality of being honest and having strong moral principles, which is considered essential for leaders to gain the trust and respect of their followers.

Trait Approach

A perspective in leadership studies focusing on the identification and analysis of specific personality traits that influence an individual’s capability to lead.

Century of Research

Refers to an extensive period, typically a hundred years, of scholarly investigation and study in a specific field or discipline.