A Good or Service Is Considered Scarce If

question 99

Multiple Choice

A good or service is considered scarce if

• A)any quantity of it can be consumed at a zero price
• B)the amount people desire exceeds the amount available at a zero price
• C)the amount people desire exceeds the amount available at any price
• D)the amount people desire is less than the amount available at any price
• E)the amount people desire is less than the amount available at a zero price

---

Definitions:

Co-workers

Individuals who share the same workplace and are possibly involved in the same projects or tasks but do not necessarily hold the same position or rank.

Fair Outcomes

Equitable and impartial results or conclusions in a given situation, ensuring justice and equality.

Procedures

Established methods or steps for conducting business, operations, or other routine tasks to achieve consistency and efficiency.

Equity Theory

A theory of motivation that suggests individuals are motivated by a sense of fairness in their interactions.