What Do Economists Mean When They State That a Good

question 160

Multiple Choice

What do economists mean when they state that a good is scarce?

• A) There is a shortage or insufficient supply of the good at the existing price.
• B) It is impossible to expand the availability of the good beyond the current amount.
• C) People will want to buy more of the good regardless of the price of the good.
• D) The amount of the good that people would like exceeds the supply freely available from nature.

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Definitions:

Online Interviews

An interview process conducted over the internet using video conferencing tools or email.

Employment Discrimination

Unfair or unjust treatment of employees based on race, sex, age, disability, nationality, religion, or sexual orientation.

Interview Media

Interview media refers to the various platforms or channels, such as television, radio, podcasts, and online platforms, used to conduct and broadcast interviews.

Interview Expenses

Costs incurred by job applicants or interviewees during the interview process, which may include travel, lodging, and meals.