This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements is TRUE about scarcity? A) Both rich and poor people face the ... (Read 90 times)

jho37

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
Which of the following statements is TRUE about scarcity?
 
  A) Both rich and poor people face the problem of scarcity.
  B) Scarcity exists only when supply is insufficient to meet demand.
  C) Scarcity exists only when a shortage exists.
  D) Scarcity can be eliminated when a country becomes richer.

Question 2

Scarcity refers to
 
  A) a shortage in a good or service.
  B) the ability of society to consume all that it produces.
  C) the inability of society to satisfy all human wants because of limited resources.
  D) the inability of an individual to purchase a good or service due to her limited income.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

welcom1000

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


jho37

  • Member
  • Posts: 531
Reply 2 on: Jun 29, 2018
:D TYSM

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Earth Affects People; People Change Earth Earth Affects People; People Change Earth
Aggregates are people who happen to be in the same place at the same time. Aggregates are people who happen to be in the same place at the same time.
A) Butterfly-shaped lupus rash. Lupus is the Latin word for wolf; the face rash was thought to look ... A) Butterfly-shaped lupus rash. Lupus is the Latin word for wolf; the face rash was thought to look ...
Traction neck with head in neutral position. With recipient’s face directly up, hold head at ... Traction neck with head in neutral position. With recipient’s face directly up, hold head at ...
How to convert verbal statements into algebraic equations (Part 4) How to convert verbal statements into algebraic equations (Part 4)
People who are color-blind see colors differently. (a) Those with normal vision see the red leaves. People who are color-blind see colors differently. (a) Those with normal vision see the red leaves.
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library