Goods and Services Are Limited in Supply Because

question 41

Multiple Choice

Goods and services are limited in supply because:

• A) people are greedy.
• B) they are produced using scarce resources.
• C) people have limited wants.
• D) they are produced by firms that seek profits.
• E) the government wants to maintain its power over the economy.

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Definitions:

Patellar Tendon

The tendon that connects the patella (kneecap) with the tibia (shinbone), playing a key role in knee extension.

Quadriceps Femoris

A group of four muscles located at the front of the thigh, which are crucial for walking, running, and jumping by extending the knee.

Hamstrings

A group of three muscles at the back of the thigh that are involved in bending the knee.

Dorsal Root Ganglion

A cluster of sensory neuron cell bodies located within the dorsal root of a spinal nerve.