Question

QUESTION 52

1. Which of the following is a direct result of scarcity?

   		A college student misses a test review in order to sleep in.
   		Due to high gas prices, Shana decides to trade her Chevy Tahoe for a Honda Accord.
   		Buildings in New York City are taller than buildings in Greenville, SC due to fewer acres of land per person.
   		All of these.

Answer 1

Ans.- All of these

In the first example there is a scarcity of time.

In the second example there is a scarcity of income.

In the third example there is scarcity of land per person.