Which of the Following Is a Basic Tenant of the Economic

question 3

Multiple Choice

Which of the following is a basic tenant of the economic concept of scarcity?

• A) Developing countries will always have a battle to fight hunger.
• B) Resources are often wasted, which results in shortages.
• C) Income must be redistributed through taxation in order to address income disparity.
• D) Limited resources require economies to make choices among production alternatives.

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Definitions:

Continuance Commitment

An individual’s psychological attachment to an organization based on the costs associated with leaving it, such as loss of benefits or the absence of equivalent job alternatives.

Time Investments

The allocation of time resources towards activities or goals expected to yield beneficial returns or outcomes.

Benefits Loss

The reduction or elimination of employee benefits, which can have financial and morale implications on individuals within an organization.

Attitude Change

The process of altering one's beliefs, feelings, or intended behaviors towards a person, object, or idea.