Which of the following would eliminate scarcity as an economic problem? Group of answer choices

1. None of these because scarcity cannot be eliminated.
2. Moderation of people’s competitive instincts.
3. Resumption of steady productivity growth.
4. Discovery of sufficiently large new energy reserves.

Match the vocabulary word to the correct definition. 1. human resources department 2. job description 3. ethics 4. labor relations 5. occupational safety & health administration a. a detailed list of the functions and requirements for a position b. the exchange between the employer and employee c. principles that define appropriate conduct d. the government agency responsible for monitoring safety in the workplace e. the division of a business responsible for hiring, managing, maintaining, and firing the workforce

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries