Scarcity Exists Because

question 302

Multiple Choice

Scarcity exists because

• A)there is a disruption in the distribution of goods caused by bad weather.
• B)there is a shortage of goods caused by war.
• C)there are not enough resources available to produce all the goods that people want.
• D)there is a shortage of qualified workers throughout the world.

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Definitions:

Standard Deviation

A measure of the dispersion or variability of a set of data points relative to their mean.

Sample Size

The number of observations or specimens included in a statistical sample.

Infinite Population

A theoretical concept where the population size is considered limitless for practical statistical purposes.

Standard Deviation

A measure of the dispersion or spread of a set of numbers, indicating how much deviation exists from the mean of the dataset.