Because of Scarcity

question 105

Multiple Choice

Because of scarcity,

• A) costs are incurred in making choices.
• B) we attempt to utilize our resources as efficiently as possible.
• C) we must make choices between production possibilities.
• D) we are unable to produce all we would like to produce.
• E) all of these.

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Definitions:

Long Island

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Organizations that represent the collective interests of workers in negotiations with employers over issues like wages, hours, and conditions.

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An organizational concept that refers to the methods and processes used by employers to oversee and direct operations and workers in a workplace.

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