Which of the following statements best represents the fact that Logan cannot put in extra hours of work because of scarcity?
A) He doesn't have enough time for additional work because he needs to spend time with his family and there are only so many hours in the day.
B) He doesn't like going to work,so why would he work more than he has to?
C) He doesn't think that overtime pay is high enough.
D) He is worried that if he works extra hours,he will get bored with his job.
E) He doesn't want his coworkers to feel pressure to work more because he is working additional hours.

Question

Quizplus · Accepted Answer

Scarcity refers to the limited resources available, including time. The statement that Logan doesn't have enough time for additional work because he needs to spend time with his family shows that the scarcity of time is affecting his ability to put in extra hours at work. Choices B, C, D, and E do not address the concept of scarcity.

Which of the Following Statements Best Represents the Fact That