Grace is a very ethical person and is good at her job. she works hard and always stays long hours at her office in washington dc. grace has worked her job diligently for the last four years, but has now lost it and needs to look for something else to do. she is not worried, however, because this is typical for her career and has happened to her before. what most likely describes why grace lost her job?

Grace was appointed to her job by a political party that was no longer in power

Grace was appointed to her job by a political party that was no longer in power

Explanation:

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know