Scarcity Arises from Limited Resources

question 66

Multiple Choice

Scarcity arises from limited resources.For this reason,all economic choices involve

• A)a value judgement.
• B)an educated decision.
• C)an opportunity cost.
• D)complementary ends.
• E)greed.

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Definitions:

Legal Requirements

Mandatory obligations enforced by law that individuals or entities must comply with.

Human Resource Activity

Actions or tasks conducted by the human resources department including hiring, training, benefits administration, and compliance with labor laws.

Employment Equity Program

Initiatives aimed at promoting equal opportunity in the workplace by eliminating discrimination and addressing imbalances in the representation of certain groups.

Employer Commitment

A company's dedication or promise to support its employees' growth, well-being, and professional development.