12. Scarcity is a situation in which:

Question

BlackTom AI · Accepted Answer

When considering the concept of scarcity, we start from the basic idea that resources are limited while human wants are unlimited. This means there isn’t enough to satisfy every desire at once.
Option 1: 'People can’t satisfy all their wants.' This aligns with the fundamental definition of scarcity, recognizing the gap between limited resources and unlimited wants.
Option 2: 'Most people can get only bare necessities.' While scarcity often forces prioritization, saying most people can only obtain bare necessities is an overgeneralization and ignores the varying levels of resources and preferences across individuals and societies.
Option 3: 'People can satisfy all their wants.' This contradicts the core idea of scarcity, which asserts that not all wants can be met due to finite resources.
Option 4: 'Some people can get all what they want and some can’t.' This statement introduces a normative or distributive claim about inequality, but scarcity itself is a condition of limited resources; it doesn’t by itself specify that everyone will or will not have all wants met, so it is not a precise definition of scarcity.

25FAL-ECO-8-48630 Midterm Exam [ Thu, 10/16 by 11:59pm] MODULES[1 TO 5]

12. Scarcity is a situation in which:

查看解析

登录即可查看完整答案

类似问题

When a society cannot produce all the resources that people wish to have, it is called:

The basic reason why choices matter is that

Dan is deciding whether to pay $200 for a sweater or wait 2 months for the sweater to go on a 50% off sale. An economist would reason that:Time is a scarce resource. The scarcity principle does not apply. The sweater is a scarce resource. Which statement is true:

Question at position 24 True or False: The value of diamonds comes from their scarcityFalseTrue

The principle of scarcity arises due to:

Everyone except for the super wealthy has a finite, or limited, amount of income. BlackTom题目解析

The problem refers to the need to make choices because economic wants exceed economic means. (Enter one word in the blank.) BlackTom题目解析

Which of the following is a result of having scarce economic resources for the production of goods and services? BlackTom题目解析

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单