In a World of Scarcity, There Has to Be Some

question 99

Multiple Choice

In a world of scarcity, there has to be some way to ration the available resources. According to economists, the most efficient use of available resources occurs when rationing occurs via

• A) queuing.
• B) lotteries.
• C) political power.
• D) the price system.

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Definitions:

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Specific, measurable goals set by an organization or project, often expressed in numerical terms, to track performance and progress.

Objectives

Specific, measurable goals that an organization or individual aims to achieve within a set timeframe.

Goals

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