ASESSMENT Part | TRUE or FALSE Directions: Please write TRUE if the statement is correct and FALSE if the statement is incorrect on separate sheet of paper. 1. Scarcity in goods and services happens if the resources in the production are inadequate or scarce. 2. Customers must choose among several alternatives if scarcity exists. 3. Income inequality is the gap in income that exists between the rich and the poor customers willing to buy the same products. 4. Shortage of goods and services is an economic problem; and shortages are always constant. 5. The Build Build Build Program by the government aims to help improve the infrastructure projects and other programs of the country