Examlex
MATCHING
Answer the following questions by matching each term with the most appropriate description.
-half of a homologous pair
Limited Resources
The finite availability of resources such as time, money, and materials, which necessitates choices about their allocation.
Scarcity
A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.
Resources Are Limited
A principle stating that the availability of physical, natural, and human resources is finite, necessitating choices and trade-offs.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision, representing the benefits one could have received by taking a different decision.
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