Which One of the Following Is a Necessary Consequence of Scarcity

question 19

Multiple Choice

Which one of the following is a necessary consequence of scarcity?

• A)no choices required
• B)high profits
• C)the requirement of making choices
• D)all wants are satisfied
• E)low profits

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Definitions:

Enriched Job

An employment design aimed at enhancing job satisfaction and performance by incorporating meaningful tasks, giving workers more autonomy, and offering opportunities for personal growth.

Job Dissatisfaction

A negative emotional state resulting from aspects of one’s job not meeting expectations or needs.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, enriching its social fabric.

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs, influenced by factors such as recognition, rewards, and work environment.