Scarcity Exists Because

question 69

Multiple Choice

Scarcity exists because

• A) human wants exceed the resources available to satisfy them.
• B) some individuals have low income.
• C) the costs of production are high.
• D) some people make bad economic decisions.
• E) people take too much leisure time.

Know the role of job analysis in identifying job requirements and KSAOs.

Comprehend the advantages of HR forecasting for organizational flexibility, strategy, and reduced costs.

Recognize the different human capital types and their relevance to HR forecasting.

Understand the philosophy and influence of the Ku Klux Klan in the 1920s.

---

Definitions:

Neck-level Spinal Cord Injuries

Injuries at the level of the cervical spine, potentially resulting in partial or complete paralysis of limbs and possibly affecting respiratory functions.

Emotional Experiences

Refers to the complex reactions, encompassing a wide range of feelings, thoughts, and physiological changes, that individuals have in response to stimuli or situations.

James-Lange Theory

A hypothesis positing that the experience of emotion is preceded by physiological arousal.

Two-factor Theory

A theory suggesting that emotional experiences arise from a combination of physiological arousal and a cognitive label for that arousal.