Given that resources are scarce, A. This condition is known as scarcity. Oil and natural gas are also growing increasingly scarce. Poor countries must make choices but, rich countries with abundant resources do not have to make choices c. Opportuntity costs are experienced whenever choices are made d. Some … 2. B. Economics is the study of the distribution of scarce resources given that man has unlimited desires, needs and wants. b. Resources are scarce. All resources … 3. This condition is known as scarcity. Is Hannah’s husband’s advice correct? The Problem of Scarce Resources reading practice test has 13 questions belongs to the Economics & Business subject. A "free lunch" is possible, but only for a limited number of people. Credit: Belga The infection and mortality curves in most countries have not yet been flattened. Resources that are commonly accepted as being scarce throughout the world include water, food and forests. At any moment in time, there is a finite amount of resources available. B. Given that resources are scarce: A. Duty to Steward Resources In crisis, all resources are potentially scarce, and all clinicians have a duty to protect them. There are simply never enough resources to meet all our needs and desires. Poor countries must make choices, but rich countries do not have to make choices. best care possible given the available resources. Since goods and services are combinations of scarce resources, they themselves are scarce. The resources that we value—time, money, labor, tools, land, and raw materials—exist in limited supply. 2. (MHOAC) Program Allocation of Scarce Resources Guide and its included Assessment ... approach, and so there are numerous resources that may be used in a given incident response, and changing incident conditions may affect which of those resources becomes scarce. C. Opportunity costs always exist whenever choices are made. We are giving up one thing upon choosing another. In a crisis, every patient should receive compassionate care, whether aimed at maximizing survival or supporting a dignified death. b. Opportunity costs are experienced whenever choices are made. The short answer is no, not all goods are considered scarce, however the vast majority are. c. People usually exploit Opportunities to benefit themselves. a. "There is no such thing as a free lunch." d. All costs are opportunity costs. 2. Who has the lowest opportunity cost? 1. The resources that we value—time, money, labor, tools, land, and raw materials—exist in limited supply. a. Many decisions are taken at the margin. There are simply never enough resources to meet all our needs and desires. Definition: Resource . A "free lunch" is possible but only for a limited time. To an extent, however, resource scarcity is contextually subjective. Moral dilemma: Saving lives when resources are scarce . 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