How do we refer to the physical limit of raw materials, equipment, and labor needed to produce a limited number of products?

Question

How do we refer to the physical limit of raw materials, equipment, and labor needed to produce a limited number of products?
A. resource loss
B. scarce resource 
C. limited product
D. wants and needs

GPT-4o mini · Answer

The correct answer is **B. scarce resource**. Scarce resources refer to the limited availability of raw materials, equipment, and labor that are necessary for producing goods.