In Producing Goods and Services,trade-Offs Exist Between Different Items Because

question 37

Multiple Choice

In producing goods and services,trade-offs exist between different items because

• A)human wants and needs are limited at a particular point in time.
• B)buyers and sellers often must negotiate prices.
• C)not all production is efficient.
• D)society has only a limited amount of productive resources.

---

Definitions:

Economic Inequality

The unequal distribution of wealth and income among the members of a society.

Non-Unionized

Refers to workplaces or segments of the labor market where workers are not members of a labor union and do not have collective bargaining rights.

Low-Skilled

Referring to jobs or workers with minimal specialized training or education required, often characterized by lower wages.

Seasonal

Relating to or occurring at specific times of the year, often influenced by changes in weather, climate, or cultural events.