Due to a Scarcity of Resources

question 100

Multiple Choice

Due to a scarcity of resources,

• A) governments should decide what should be produced
• B) the government must decide how to allocate available resources
• C) some members of each society must live in poverty
• D) every society must choose among competing uses of available resources
• E) resource availability exceeds the possible uses for available resources

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Definitions:

5-point Rating Scale

A 5-point rating scale is a survey tool that asks respondents to rate a question or statement on a five-point scale, typically ranging from strongly disagree to strongly agree.

Person's Height

A measurement of how tall an individual is, often recorded in centimeters or feet and inches in medical, nutritional, and various scientific studies.

Production Output

The total quantity of goods and services produced by a company or industry over a specific period of time.

Material Costs

Expenses directly associated with the production of goods, including raw materials and components.