The Fact That Human Wants Cannot Be Fully Satisfied with Available

question 32

Multiple Choice

The fact that human wants cannot be fully satisfied with available resources is called the problem of

• A)marginal cost.
• B)opportunity cost.
• C)scarcity.
• D)the big tradeoff.
• E)normative economics.

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Definitions:

Output Module

A component within a PLC that provides the physical output actions based on the logic control signals.

Line Power Supply

The primary source of electrical energy for a system, typically connected directly to utility service lines.

PLC Programs

Sequences of instructions written for a programmable logic controller (PLC) to direct the operation of machinery or processes.