Examlex
An advantage of direct observation over behavior rating scales is that direct observation provides:
Economy's Performance
An evaluation of how well an economy is doing, commonly measured by indicators such as GDP growth, unemployment rates, and inflation.
Scarcity
The basic economic issue arises from the infinite human desires facing a scarcity of resources in the world.
Limited Resources
The finite availability of resources such as time, money, and materials, which necessitates choices about their allocation.
Scarcity
A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.
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