The difference between scarcity and a shortage is that A) ...

[Garrulous]

The difference between scarcity and a shortage is that
 
  A) scarcity is caused by poverty and shortages are caused by natural disasters.
  B) shortages are a type of scarcity caused by natural disasters while scarcity is caused by human errors.
  C) scarcity always is a part of human life while shortages usually are temporary.
  D) shortages are always part of human life while scarcity is usually temporary.

Question 2

Which of the following is the best example of scarcity?
 
  A) The Talking Teddy is a surprise holiday hit, resulting in long lines of consumers trying to purchase the limited number of available Teddies.
  B) Fred only gets a 10-hour lunch break and each day must decide between working out at the gym or socializing with his colleagues.
  C) The local market's buy-one-get-one-free sale on strawberries results in more people wanting the berries than producers are able and willing to supply.
  D) There is a bumper crop of strawberries, and stores have more berries than they can sell.

[JaynaD87]

Answer to Question 1

C

Answer to Question 2

B

[Garrulous]

TYSM

[Joy Chen]

Excellent