Because Resources Are Limited

question 16

Multiple Choice

Because resources are limited,

• A) only the very wealthy can get everything they want.
• B) firms will be forced out of business.
• C) the availability of goods will be limited but the availability of services will not.
• D) people must make choices.

---

Definitions:

Timely

Occurring at a suitable or opportune moment, often implying punctuality or appropriateness in timing.

SMART Goal

A framework for setting goals that are Specific, Measurable, Achievable, Relevant, and Time-bound, enhancing the likelihood of success.

Pleasure Reading

Reading material selected for enjoyment and entertainment, rather than for educational or informational purposes.

Short-Term Goal

An objective set to be achieved in the near future, often serving as a step towards a long-term goal.