Scarcity Means That

question 87

Multiple Choice

Scarcity means that

• A) what we can produce with our resources is greater than our material wants.
• B) resources are unlimited.
• C) wants are greater than what we can produce with our resources.
• D) governments must make up for shortages in resources.
• E) choices made in self-interest cannot be the same as those made in the social interest.

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Definitions:

Ego Control

The capacity of an individual to regulate their impulses, desires, and potentially disruptive emotions in order to function effectively in social and personal contexts.

Ought Self

The person you think you should be.

Ideal Self

A person's conception of how they would like to be, often serving as a motivation for self-improvement.

Desired Self

Refers to an individual's ideal version of themselves, which they aspire to become or achieve.