Which of the Following Statements Is True Regarding Scarcity

question 85

Multiple Choice

Which of the following statements is true regarding scarcity?

• A) An economy experiences scarcity only when the incomes of its citizens decline.
• B) Scarcity could be overcome if people would make all choices in the social interest.
• C) Poor people experience scarcity more often than do rich people.
• D) Scarcity affects poorer countries only.
• E) All citizens in a wealthy economy experience scarcity.

Comprehend the meaning and application of bona fide occupational qualifications (BFOQ) in employment contexts.

Acknowledge the grounds of prohibited discrimination in employment as outlined by Canadian law.

Realize the impact of federal laws on discrimination with a focus on sexual orientation.

Understand the role and requirements of the Employment Equity Act for certain employers and Crown corporations.

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Definitions:

Mailing Days

Mailing Days are business days considered when estimating the delivery time for postal and courier services, excluding weekends and holidays.

Bank Deposit

Money placed into a banking institution for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.

Availability Delay

The lag time between when a deposit is made in a bank account and when the funds are available for use.

Bank Releases

Legal documents indicating that a bank has released its claim on assets, typically after a loan has been paid off.