Quiz 4 Chapter 4

A  Scarcity plays a limited role in our decision making.

B  Scarcity refers to not having enough to satisfy our wants.

C  While scarcity focuses our attention it can also cause us to make unwise decisions because it taps our brain’s capacity to process new information.

D  Scarcity forces us to allocate our resources in the most efficient and effective manner to maximize our desired outcome.

A  The removal of Native American children from their families in South Dakota is done in the best interest of everyone involved. 

B  Native American foster children are used by the state to get federal monies and create jobs in the state.

C  Native American children who are removed from their families at a young age can fail to develop the skills, values, and norms they need to a successful member of their tribe.

D  The removal of Native American children from their family can be cause mental trauma that reduces a child’s human capital.

A  Financial resources

B  Land resources

C  Material resources

D  Human resources

A  True

B  False

A  Using drugs and having unprotected sex

B  Getting upset when someone takes too long to respond to your text, email and/or phone call.

C  Constantly looking at your phone to see if you missed a phone call or message.

D  Going to college

A  False

B  True

A  False

B  True

A  Money

B  Cognitive intelligence 

C  Physical appearance 

D  All of these are required by societies for their members to be successful.

A  True

B  False

A  True

B  False