Quiz 4 Chapter 4

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

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

C  Scarcity plays a limited role in our decision making.

D  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.

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

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

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 families in South Dakota is done in the best interest of everyone involved. 

A  Material resources

B  Land resources

C  Financial resources

D  Human resources

A  False

B  True

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

B  Going to college

C  Using drugs and having unprotected sex

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

A  True

B  False

A  False

B  True

A  Cognitive intelligence 

B  Money

C  Physical appearance 

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

A  False

B  True

A  False

B  True