When a Society Cannot Produce All the Goods and Services

question 298

Multiple Choice

When a society cannot produce all the goods and services people wish to have, it is said that the economy is experiencing

• A) scarcity.
• B) surpluses.
• C) inefficiencies.
• D) inequalities.

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Definitions:

Computer-Scored

Pertaining to tests or assessments whose responses are evaluated and tallied by a computer rather than by human graders.

PAI

The Personality Assessment Inventory, a psychological test designed to assess personality traits and psychopathology in adults.

Normal Personality Traits

Characteristics that occur commonly within the general population and are considered typical or average.

NEO PI-3

A psychological personality inventory that measures five major domains of personality traits and facets.