To Economists,scarcity Means That

question 170

Multiple Choice

To economists,scarcity means that

• A) limited wants cannot be satisfied by the unlimited resources.
• B) a person looking for work is not able to find work.
• C) the number of people without jobs rises when economic times are bad.
• D) there can never be answers to the what, how or for whom questions.
• E) unlimited wants cannot be satisfied by the limited resources.

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Definitions:

Project Organization

A temporary organizational structure created to facilitate the execution of a specific project, integrating resources across various departments.

Continuous Manufacturing Organization

A production strategy that involves the constant processing of raw materials to finished products, minimizing interruptions and enabling higher efficiency.