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:

Civil Unions

A legally recognized union of a couple, similar to marriage, which provides some but not all the rights and responsibilities of marriage under the law.

Same-sex Couples

Romantic or marital relationships between two individuals of the same gender.

Exchange of Property

The act of giving something of value to someone else in return for another item or service.

Authority

The power or right to give orders, make decisions, and enforce obedience.