Goods and Services Are Scarce Because

question 153

Multiple Choice

Goods and services are scarce because

• A)people are greedy
• B)they are produced using scarce resources
• C)firms keep production low in order to earn higher profits
• D)they are produced by firms that seeks profits
• E)government wants to maintain its power over the economy

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Definitions:

Maintenance Phase

The stage in various processes, such as therapy or project management, where the focus is on sustaining achieved results and preventing regression.

Mood Stable

A state wherein an individual's emotional state is balanced and does not fluctuate excessively or unpredictably.

Manic Episode

A period of abnormally elevated, expansive, or irritable mood and increased activity or energy levels, associated with bipolar disorder.

Nursing Diagnoses

Clinical judgments about individual, family, or community experiences or responses to actual or potential health problems/life processes.