Which of the Following Best Describes Scarce Resources

question 74

Multiple Choice

Which of the following best describes scarce resources?

• A) Resources that most people cannot afford to buy
• B) Resources that can only be distributed efficiently by the government
• C) Resources for which the quantity demanded is the same for all economic agents
• D) Resources for which the quantity that people want exceeds the quantity that is freely available

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Definitions:

Labour Standards

Benchmarks or criteria that define the optimal, expected, or minimum levels of performance or achievement for labor in specific contexts or industries.