Resource Development Is

question 128

Multiple Choice

Resource development is

• A) the study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individuals.
• B) the study of how to increase the amount of available resources and create conditions that will make better use of these resources.
• C) the part of economics that looks at the operation of a nation's economy as a whole.
• D) the part of economics that looks at particular markets.

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Definitions:

Compliance

The act of conforming to and following rules, standards, or laws imposed by an authority, regulatory body, or agreement.

Administrative Agency

A government body responsible for the oversight and administration of specific functions, such as regulations or the execution of laws.

Final Rule

A regulatory or policy statement issued by an administrative agency that has completed the proposal, consideration, and public comment stages, now serving as a definitive ruling.

Notice-And-Comment Rulemaking

A procedure that requires federal agencies to publish proposed rules in the Federal Register and allow the public to comment before they can be enacted.