Products and Services Are Scarce Because Resources Are Scarce

question 54

True/False

Products and services are scarce because resources are scarce.

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Definitions:

Federal Government

The central government system which has authority over a union of states or provinces, managing affairs that affect the entire nation.

Federal Tax Revenues

The income received by the federal government from taxes imposed on individuals, corporations, and other entities.

Superfund Sites

Locations in the United States identified by the Environmental Protection Agency as contaminated by hazardous materials and eligible for federal cleanup funds.

Clean Up

The process of removing pollutants or contaminants from an environment, often referring to industrial or hazardous waste remediation efforts.