Examlex
Which of the following must cope with scarcity?
Public Goods
Commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.
External Costs
Costs incurred as a result of an economic activity that are not reflected in the market price, often shouldered by society or the environment.
Unemployment
A situation where individuals who are able and willing to work are not able to find employment.
Efficient Allocations
The optimal distribution of resources among competing uses to achieve the highest overall level of welfare or utility.
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