Scarcity Requires That We

question 21

Multiple Choice

Scarcity requires that we:

• A) make sure we only want things that we are capable of consuming and producing.
• B) change our fiscal policy until the situation of scarcity is eliminated.
• C) make decisions in order to arrange our resources rationally.
• D) adopt economic policies that will lead to unlimited resources.

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Definitions:

Slave

A person who is legally owned by another and is forced to work for them without the freedom to leave or to refuse work.

Sea Captain

The person in command of a ship, responsible for its safe navigation and the welfare of its crew.

Titanium-Clad

A material or object covered in titanium to enhance durability and strength.

Mixed-Media Experience

An artistic or entertainment presentation that combines multiple forms of media, such as sound, text, and visuals.