When Human Wants and Needs Exceed the Resources That Are

question 75

Multiple Choice

When human wants and needs exceed the resources that are available to meet those wants and needs, _____ occurs.

• A) equity
• B) scarcity
• C) efficiency
• D) allocation

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Definitions:

Substantially the Same Job

A position that is almost identical in terms of duties, conditions, responsibilities, and status to another job.

Age Discrimination

Unfair treatment of an individual or group based on their age, particularly in employment settings.

ADEA

Age Discrimination in Employment Act, a U.S. law designed to protect workers and job applicants aged 40 and over from age-based discrimination.

Bona Fide Occupational Qualification

An employment qualification that an employer can legally consider while making decisions about hiring and retaining employees, provided it is reasonably necessary to the normal operation of the particular business.