Which of the Following Statements Is True About Scarcity

question 323

Multiple Choice

Which of the following statements is true about scarcity?

• A) Scarcity refers to the situation in which unlimited wants exceed limited resources.
• B) Scarcity is not a problem for the wealthy.
• C) Scarcity is only a problem when a country has too large a population.
• D) Scarcity arises when there is a wide disparity in income distribution.

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Definitions:

Relevant Labor Market

The area or domain within which companies seek employees who have the skills they require.

Availability Analysis

An assessment to determine the availability of qualified individuals both within and outside the organization who could fill job openings.

Affirmative Action Plan

A strategy or program implemented by organizations to promote diversity and inclusion by increasing opportunities for historically underrepresented groups.

Recruitment Activities

The process and actions taken by an organization to identify, attract, and hire suitable candidates for job vacancies, aiming to fill these roles efficiently and effectively.