Scarcity exists when:

A) resources are unlimited.
B) individuals can have more of one good but only by giving up something else.
C) individuals can have more of any good without giving up anything.
D) making choices among two or more alternatives is not necessary.

Explain at least three factors economists consider the measurement of success, or shortcomings, of the economy? and give examples.

You think all professors are uncoordinated, but then you see your social psychology professor make a diving catch down the left-field line at an intramural softball game against the arts department team. you also notice that your professor hits lead-off for the team and is able to score from second base on a ground-out. you maintain your original stereotype of professors as uncoordinated by deciding that this one individual is an exception to the rule because he is a “young professor.” this is an example of

"six months ago, several of molly's friends joined the trimtime fitness center. each of them participated in trimtime's weight-reduction and fitness regimen. all reported substantial weight reduction, and all are visibly slimmer. molly is convinced. she joins trimtime and enrolls in the program, hoping and expecting to see the same results. she is especially delighted to learn that trimtime had adjusted its program to make it even more effective in a shorter period of time." what is the feature in question/attribute of interest in this argument?