Question

scarcity
economics is the study and practice of making a world of limited resources (scarcity). scarcity and is a key concept in decision making. scarci to a number of things such as money, employe etc., and means the demand is greater than the availability. scarcity drives demand. if the demand is high but the item is scarce, the price of that item increases.

opportunity cost
opportunity cost represents the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. opportunity costs help people make better choices primarily by considering the alternatives. lost time, production and finances are examples of opportunity costs. those costs are forward looking and not limited to monetary or financial costs.

a low unemployment rate means employees are what?

cautious

in abundance

scarce

Explanation:

From the text, scarcity means demand > availability. A low unemployment rate implies few people are unemployed, so the number of available employees (supply) is low relative to demand (businesses wanting to hire). So employees are scarce (since demand for them is greater than their availability). "Cautious" is irrelevant, and "in abundance" would mean many employees are available, which contradicts low unemployment.

Answer:

scarce (the option with text "scarce")