As Resources Are Scarce,_____

question 110

Multiple Choice

As resources are scarce,_____.

• A)opportunity costs are zero.
• B)people must make choices among alternatives.
• C)all human wants and desires can be satisfied.
• D)resource prices are fixed.
• E)commodities are free.

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Definitions:

Hardiness

Is an individual difference that allows some individuals to experience less stress when dealing with stressful events and that makes them more effective in dealing with the stress they do experience.

Experienced Stress

denotes the psychological or emotional strain and tension that results from adverse or demanding circumstances, often affecting individuals' mental and physical health.

Stressful Events

Situations or occurrences that cause tension, anxiety, or strain to an individual.

Information Technology

The use of electronic equipment and software to store, retrieve, transmit, and manipulate data, usually in the context of business or enterprise.