When Society Can Not Produce All the Goods and Services

question 41

Multiple Choice

When society can not produce all the goods and services people want, it is faced with

• A)​scarcity.
• B)​surpluses.
• C)​inefficiencies.
• D)​inequalities.

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Definitions:

Oxygen Gas

A diatomic molecule made up of two oxygen atoms (O2), essential for respiration in most terrestrial life forms and used industrially.

Fuel Source

A material that is consumed to produce energy, such as coal, oil, natural gas, or renewables like solar and wind.

Energy Form

Different manifestations of energy, such as kinetic energy, potential energy, thermal energy, electrical energy, chemical energy, and nuclear energy.

Mass-Energy Transfer

The concept that mass and energy are interchangeable, underpinning the principle of mass-energy equivalence.