In Economic Terms, All Resources

question 19

Multiple Choice

In economic terms, all resources:

• A)are infinite because they can be replaced by substitutes.
• B)are distributed fairly by the government.
• C)can be made available everywhere.
• D)are distributed efficiently in the market.

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Definitions:

Gas Station

A retail establishment that sells fuel and often other goods and services to motor vehicle users.

Unreasonable Risk

Exposing individuals or groups to a level of danger or harm that is not justified by the potential benefits or is beyond what is considered acceptable under the circumstances.

Business Visitor

An individual entering a country for a short duration for business-related purposes that do not entail being part of the labor market there.

Invitee

A person who is invited onto a property for the benefit of the property owner or occupier, leading to a higher duty of care.