Scarcity Exists Because

question 302

Multiple Choice

Scarcity exists because

• A)there is a disruption in the distribution of goods caused by bad weather.
• B)there is a shortage of goods caused by war.
• C)there are not enough resources available to produce all the goods that people want.
• D)there is a shortage of qualified workers throughout the world.

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Definitions:

Bureaucratic

Relating to a system of government or organization that is managed by departments staffed with non-elected officials, often criticized for excessive procedural complexity.

Adapting

The process of making adjustments or changes in behavior, strategy, or operations in response to external conditions or challenges.

Changing Environment

Refers to the dynamic and evolving nature of the external and internal contexts in which an organization operates.

Nucleotide

A nucleotide is the structural unit that links together to form DNA (and RNA). Each nucleotide includes a sugar (like deoxyribose or ribose) and a base.