Scarcity

question 104

Multiple Choice

Scarcity

• A)exists because people have wants that are unlimited relative to the availability of resources to satisfy those wants
• B)applies when a resource is not freely available
• C)means that each society and each individual must make choices
• D)exists in all societies
• E)all of the above are true

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Definitions:

Workforce Diversity

The inclusion of a wide variety of people in the workplace, representing different races, genders, ages, religions, and other characteristics.

Critical Thinking

The systematic examination and assessment of a matter to reach a conclusion.

Innovation and Change

The process of implementing new ideas, procedures, or technologies to refresh and improve business operations or products.

Levels of Analysis

Refers to the differing social sciences perspectives (individual, group, organizational, societal) used to examine and understand phenomena.