Question : Scarcity is _______.
Option 1: Universal
Option 2: Non-universal
Option 3: Both 1 and 2
Option 4: None of the above

Question

Question : Society faces economic problems because of
Option 1: Abundance
Option 2: Scarcity
Option 3: Both scarcity and abundance
Option 4: Neither abundance nor scarcity.

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Answer 1

Correct Answer: Universal

Solution : The limitation of the supply in relation to the demand for a good or service is called scarcity. It describes a situation in which there are more wants than resources. Hence, the correct option is 1.

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Question : Scarcity is _______.Option 1: UniversalOption 2: Non-universalOption 3: Both 1 and 2Option 4: None of the above

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Question : Scarcity is _______.
Option 1: Universal
Option 2: Non-universal
Option 3: Both 1 and 2
Option 4: None of the above

Question : Society faces economic problems because of
Option 1: Abundance
Option 2: Scarcity
Option 3: Both scarcity and abundance
Option 4: Neither abundance nor scarcity.

Question : Scarcity and ______ go together.
Option 1: Choice
Option 2: Available resources
Option 3: Non-renewable resources
Option 4: All of the above

Question : Translocation of water is
Option 1: apoplastic
Option 2: symplastic
Option 3: both (1) and (2)
Option 4: none of the above

Question : Non-cash transactions are ____________while preparing Cash Flow Statement.
Option 1: not considered
Option 2: considered
Option 3: both 1 and 2
Option 4: None of the above

Question : Non-cash transactions are ____________while preparing Cash Flow Statement.
Option 1: not considered
Option 2: considered
Option 3: both 1 and 2
Option 4: None of the above