As a Consequence of the Condition of Scarcity

question 72

Multiple Choice

As a consequence of the condition of scarcity:

• A)there is always enough of everything.
• B)production has to be centrally planned.
• C)things which are plentiful have relatively high prices.
• D)individuals and communities have to make choices among alternatives.

Recognize the emergence of new forms of media and their role in shaping public opinion and political discourse.

Understand the basic characteristics and problems of centrally planned economies.

Identify the role of innovation and the reasons for its lag within centrally planned economies.

Grasp the concept of the circular flow model and the roles of households and businesses within it.

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Definitions:

Plasma Membrane

The plasma membrane is the biological membrane that separates the interior of all cells from the outside environment, controlling the movement of substances in and out of cells.

Symporter

is a type of transporter protein that moves two or more ions or molecules in the same direction across a cell membrane.

Plasma Membrane

The lipid bilayer membrane surrounding a cell, controlling the passage of substances in and out of the cell.

ATP-Powered Pumps

Membrane proteins that use the energy from ATP hydrolysis to transport ions or molecules across cell membranes against their concentration gradients.