Something Is Scarce as Long as

question 104

Multiple Choice

Something is scarce as long as

• A)there is a price that the market puts on the item.
• B)there is no freely available infinite source of the item.
• C)the government provides it.
• D)the market provides it.

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Definitions:

Corporate Social Responsibility

A business model that involves companies integrating social and environmental concerns in their operations and interactions with their stakeholders.

Prevailing Societal Norms

The dominant principles, standards, or behaviors that are accepted and practiced within a society.

Obstructionist Strategy

A business tactic where a company deliberately impedes or obstructs efforts, such as regulatory compliance or lawsuits, often to protect its own interests.

Social Responsibility

The ethical framework that suggests an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.