Resource Scarcity

question 44

Multiple Choice

Resource Scarcity

• A) implies that government contractors often build roads that do not meet local road construction standards.
• B) implies that individuals and society alike do not have the resources necessary to meet all of their wants.
• C) is a bit of a hoax perpetrated for political reasons as society (particularly the United States) has an abundance of resources.
• D) diminishes as additional workers are applied to a given task of production.

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Definitions:

ROM

Read-Only Memory, a type of non-volatile storage medium that is used primarily in computers and electronic devices to store firmware or software that is rarely changed.

Primary Storage

The main storage area in a computer system, typically RAM, where the operating system, application programs, and data in current use are kept so they can be quickly reached by the computer's processor.

Secondary Storage

A type of computer storage separate from the main memory, used for keeping data and programs permanently, often referred to as external or auxiliary storage.

Primary Storage

The main storage of a computer where data is stored temporarily for quick access by the processor.