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Because we have to continually choose among the goods and services, given that we cannot have all those we want. Given that resources are scarce, A. Credit: Belga The infection and mortality curves in most countries have not yet been flattened. C. Poor countries must make choices, but rich countries with abundant resources do not have to make choices. There are simply never enough resources to meet all our needs and desires. Resources are scarce. d. All costs are opportunity costs. At any moment in time, there is a finite amount of resources available. Opportunity costs are experienced whenever choices are made. Resources that are commonly accepted as being scarce throughout the world include water, food and forests. The short answer is no, not all goods are considered scarce, however the vast majority are. b. In total 13 questions, 5 questions are YES-NO-NOT GIVEN form, 4 questions are Matching Headings form, 4 questions are Matching Information form. A "free lunch" is possible, but only for a limited number of people. "There is no such thing as a free lunch." Is Hannah’s husband’s advice correct? At any moment in time, there is a finite amount of resources available. b. This condition is known as scarcity. B. A "free lunch" is possible but only for a limited time. To an extent, however, resource scarcity is contextually subjective. In a crisis, every patient should receive compassionate care, whether aimed at maximizing survival or supporting a dignified death. Moral dilemma: Saving lives when resources are 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. We are giving up one thing upon choosing another. a. best care possible given the available resources. a. Friday, 10 April 2020 . Definition: Resource . The resources that we value—time, money, labor, tools, land, and raw materials—exist in limited supply. The resources that we value—time, money, labor, tools, land, and raw materials—exist in limited supply. 2. Who has the lowest opportunity cost? Poor countries must make choices, but rich countries do not have to make choices. Duty to Steward Resources In crisis, all resources are potentially scarce, and all clinicians have a duty to protect them. This condition is known as scarcity. (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. Many decisions are taken at the margin. There are simply never enough resources to meet all our needs and desires. Economics is the study of the distribution of scarce resources given that man has unlimited desires, needs and wants. 1. 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