When a Society Cannot Produce All the Goods and Services

question 298

Multiple Choice

When a society cannot produce all the goods and services people wish to have, it is said that the economy is experiencing

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

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Definitions:

Tarsals

The group of seven bones in the foot located between the lower leg bones and the metatarsals of the foot.

Metatarsals

The five long bones in the foot located between the ankle and toes, crucial for walking and movement.

Foramen

A natural opening or passage, especially in a bone, through which blood vessels, nerves, or ligaments may pass.

Fissure

A small tear in the lining of an organ, such as the skin or the lining of the anus.