Which of the Following Sets of Terms Describes the Problem

question 231

Multiple Choice

Which of the following sets of terms describes the problem of scarcity in economics?

• A) goods, land, and needs
• B) labor, needs, and opportunity costs
• C) choices, opportunity costs, and trade-offs
• D) production, consumption, and wants

---

Definitions:

Communications Link

A connection between two or more devices that allows them to share information, data, or commands, often comprising part of a network.

PLC Hardware

PLC hardware encompasses the physical components of a Programmable Logic Controller, including the central processing unit (CPU), input and output modules, power supply, and any other peripheral devices required for automation tasks.

Task

In computing, a task refers to a basic unit of execution that is managed and scheduled by the system's operating system.