There Is No Shortage of Scarce Resources in a Market

question 556

Multiple Choice

There is no shortage of scarce resources in a market economy because

• A)the government makes shortages illegal.
• B)resources are abundant in market economies.
• C)prices adjust to eliminate shortages.
• D)quantity supplied is always greater than quantity demanded in market economies.

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Definitions:

Performance Appraisals

The regular review of an employee's job performance and overall contribution to a company.

Supervisors

Individuals who oversee the work of others, often in a work setting, to ensure tasks are completed effectively and policies are followed.

Contamination

The presence of unwanted substances or impurities in a material, environment, or product, which can lead to harmful effects.