Question

785 million people in the world lack access to clean water— that is about 1 in every 10 people in the world. clean water is
scarce

governor whitmer signed a bill giving 22.2 billion dollars to michigan k - 12 schools in 2022. this means there is less money in the budget to spend on road repair. road repair is the
choose
this is a required question

walmart, meijer, and kroger are good examples of
choose

otto loves working for dominos. his favorite part is when he gets to take the pizza out of the 3240xlt conveyor belt oven. the oven is an example of

Explanation:

1. Since 1 in every 10 people lack access to clean water, clean water is not abundant, thus it is scarce.
2. When money is allocated to K - 12 schools, it reduces the amount available for road repair. Road repair is the opportunity cost as it is the forgone alternative due to the budget allocation decision.
3. Walmart, Meijer, and Kroger are large - scale retail stores that sell a wide variety of goods, so they are examples of supermarkets or retail chains.
4. The 3240XLT Conveyor Belt Oven is a piece of equipment used in the production process at Domino's for baking pizzas, so it is a type of capital (physical capital) used in the business.

Answer:

1. Scarce
2. Opportunity cost
3. Supermarkets/Retail chains
4. Capital (physical capital)