Figure 1A.1 -Refer to Figure 1A.1. If the Hours Worked Per Week

question 78

Multiple Choice

Figure 1A.1
-Refer to Figure 1A.1. If the hours worked per week are 20, the income per week is

• A) 50.
• B) 100.
• C) 150.
• D) 200.

---

Definitions:

Limited Resources

The finite availability of resources that are used for the production of goods and services.

Wealthy Societies

Societies characterized by a high level of economic prosperity and the widespread availability of goods and services.

Poor Societies

Communities or populations characterized by a low standard of living, limited economic opportunities, and insufficient access to resources.

Unlimited Resources

A hypothetical scenario in which all resources are abundant and easily accessible, eliminating scarcity.