Answer:
Scarcity as an economic concept "... refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good ... ."[1] If the conditions of scarcity didn't exist and an "infinite amount of every good could be produced or human wants fully satisfied ... there would be no economic goods, i.e. goods that are relatively scarce...
The answers are: 1. A 2. D 3. A
The Knights of labor was the largest and one of the most important American labor organizations of the 1880s. It was founded on the 28th day of December in year 1869 by Uriah Stephens. They promoted the producers ethic of republicanism and demanded the eight-hour day, rejected socialism and anarchism and encouraged the social and cultural uplift of the workingman. In 1880, the organization reached 28,000 members and even gained more members to 100,000 in 1884. But in 1893, the knights of labor declines its membership because of public pressure, power vested in reformist factions, and employers' unwillingness to arbitrate.
