Which of the Following Goods Would Be Considered Scarce

question 141

Multiple Choice

Which of the following goods would be considered scarce?

• A)​iPods
• B)​crude oil
• C)​tax preparation services
• D)​all of the above

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Definitions:

National Labor Relations Act

A foundational statute in United States labor law that guarantees the rights of employees to organize and to bargain collectively with their employers.

Strike

A collective decision by union members not to work until certain demands or conditions are met.

Replacement Workers

Individuals hired by an employer to fill the positions of striking or otherwise unavailable employees.

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.