Asked by
riley williams
on Oct 27, 2024
Verified
Intel finds it difficult to hire enough skilled computer engineers.Which economic concept does this statement BEST represent?
A) scarcity
B) specialization
C) ceteris paribus
D) trade-off
Scarcity
The economic problem of having seemingly unlimited human wants in a world of limited resources.
Skilled Computer Engineers
Professionals with expertise in computer science and engineering, specializing in software development, system analysis, and hardware engineering.
- Understand the principle of scarcity and its implications on resource allocation.
Verified Answer
JA
Learning Objectives
- Understand the principle of scarcity and its implications on resource allocation.