ECONOMICS (CBSE/UGC NET)

ECONOMICS

CONSUMERS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Two students were eating lunch in the lunchroom. There were 10 hot dogs there for them to enjoy. Is this an example of scarcity?
A
No
B
Yes
C
Maybe
D
None of the above
Explanation: 

Detailed explanation-1: -Whether you call it a frankfurter, hot dog, wiener, or bologna, it’s a cooked sausage and a year-round favorite. They can be made from beef, pork, turkey, chicken, or a combination-the label must state which.

Detailed explanation-2: -But buns are not in 10 packs because of the way they are baked, the NHDSC says. “Sandwich rolls, or hot dog buns, most often come eight to the pack because the buns are baked in clusters of four in pans designed to hold eight rolls.”

Detailed explanation-3: -2022 Hot Dog Eating Contest World Champion Joey Chestnut currently holds the title of hot dog-eating world champion after setting a new world record of 76 hot dogs and buns in 2021.

Detailed explanation-4: -The U.S. Department of Agriculture (USDA) describes a sandwich as “a meat or poultry filling between two slices of bread, a bun, or a biscuit.” By that definition, sure, a hot dog is a sandwich.

There is 1 question to complete.