Which of the Following Goods Best Meets the Definition of Scarcity

question 61

Multiple Choice

Which of the following goods best meets the definition of scarcity?

• A)air
• B)water in the ocean
• C)water in a city
• D)wood in a forest

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Definitions:

Legal Responsibilities

Obligations that individuals or organizations have to act in accordance with laws and regulations.

Codes Of Conduct

Written guidelines that outline ethical standards, expectations, and practices for behavior within an organization or profession.

Ethical Climate

The collective moral attitudes, standards, and values that shape the behavior, practices, and decision-making within an organization.

Stakeholders' Trust

The confidence that shareholders, customers, employees, and other people who have an interest in the organization have in the company's ability to meet its obligations and act in their best interests.