Multiple Choice
Scarcity exists because
A) there is a disruption in the distribution of goods caused by bad weather.
B) there is a shortage of goods caused by war.
C) there are not enough resources available to produce all the goods that people want.
D) there is a shortage of qualified workers throughout the world.
Correct Answer:
Verified
Correct Answer:
Verified
Q87: Inefficient use of resources is shown on
Q180: Suppose the current unemployment rate is 15
Q210: Education and training of workers would best
Q257: Refer to the above figure. Given our
Q259: The only way that a society can
Q262: Scarcity and shortages differ in that<br>A) scarcity
Q291: Are all goods economic goods? Are all
Q297: If Joey goes surfing for four hours
Q298: If a person can make $70,000 as
Q300: Production is efficient when<br>A)it generates a point