To be, or not to be... SCARCE!

Front

What is the definition of scarcity?

Back

Unlimited wants chasing limited resources.

Front

Which of the following statements is NOT consistent with the concept of scarcity? People are scarce because they have many valuable uses in the world., Trash is scarce because you rarely see much of it around unless you go to a landfill., Knowledge is scarce because what we wish to know is so great relative to what we do know at this time., Electricity is scarce because it has many valuable uses.

Back

Trash is scarce because you rarely see much of it around unless you go to a landfill.

Front

Which of the following resources was considered scarce in 1000 AD? Petroleum, Aluminum, Computers, None of these resources were considered scarce., All of these resources were considered scarce.

Back

None of these resources were considered scarce.

Front

Which of the following people must deal with scarcity when they make decisions during the day?
The richest person in the world.
A homeless person living in New York City.
A commuter living in the suburbs and working in the city.
All of these people must deal with scarcity.
None of these people must deal with scarcity.

Back

All of these people must deal with scarcity.