Scarcity Arises Because

question 350

Multiple Choice

Scarcity arises because

• A) resources are finite and are inadequate to meet all human wants and needs.
• B) import taxes depress the rate of growth of goods and services production.
• C) international companies are slow to explore for new resources.
• D) many countries waste goods because of inefficient political systems.

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Definitions:

Financial Resources

Monetary assets and funds available to an individual, organization, or country for use in achieving goals or covering expenses.

MOOCs

Massive Open Online Courses are online courses aimed at unlimited participation and open access via the web, providing an affordable and flexible way to learn new skills and advance educational qualifications.

Corporate Learners

Employees engaged in ongoing learning and development provided by their organizations.

Role Playing

A training or learning method where participants assume roles and act out scenarios to practice responses, enhance skills, or solve problems.