The limited availability of resources can be referred to as ______.
A)constraints
B)variables
C)consequences
D)state of nature

Question

Quizplus · Accepted Answer

The term "constraints" refers to limiting factors or restrictions that affect the availability or use of resources. The other options, "variables" and "state of nature," do not necessarily imply a scarcity of resources, while "consequences" refers to the results or outcomes of a decision or action, rather than the limited availability of resources themselves.

The Limited Availability of Resources Can Be Referred to as ______