Which of the Following Statements Regarding the Basic Economic Problem

question 122

Multiple Choice

Which of the following statements regarding the basic economic problem of scarcity is correct?

• A)The problem only exists in countries that are not highly industrialized.
• B)The problem is likely to disappear as production increases.
• C)The problem is sure to disappear as technology improves.
• D)The problem will exist as long as resources are available in limited amounts.
• E)The problem will disappear as a person's income falls.

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Definitions:

Health And Safety

The discipline focused on the protection of the well-being of employees in the workplace through prevention of hazards and accidents.

Wellness Programs

Initiatives designed to promote physical, mental, and overall well-being of employees in the workplace.

Hazard Recognition

The identification and analysis of potential dangers or risks in a workplace or environment to prevent accidents and injuries.

Workplace Hazard

Any potential risk to health and safety that exists within a workplace setting, which could cause harm to employees.