In a Market Economy, When Do We Know That a Resource

question 89

Multiple Choice

In a market economy, when do we know that a resource has become scarcer?

• A) when its price rises relative to other prices
• B) when it is nonrenewable and some of it is used
• C) when substitutes exist
• D) when there are no substitutes

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Definitions:

Sensitivity

The quality of being easily affected by external actions or influences, often related to emotional responses or issues of confidentiality.

Routine Business Messages

Standard or usual communications related to the daily operations or transactions of a business.

Request For Credit

A formal plea or application to have a monetary value recognized or applied, often in business contexts.

Routine Request Message

A communication that asks for something considered standard or expected in a business or professional setting.