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

Author Question: When an economist talks of scarcity, the economist is referring to the A) ability of society to ... (Read 109 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jun 29, 2018
When an economist talks of scarcity, the economist is referring to the
 
  A) ability of society to employ all of its resources.
  B) ability of society to consume all that it produces.
  C) inability of society to satisfy all human wants because of limited resources.
  D) ability of society to continually make technological breakthroughs and increase production.

Question 2

When the price level rises, the long-run aggregate supply curve ________.
 
  A) shifts rightward
  B) does not shift
  C) slopes upward
  D) shifts leftward


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Beheh

  • Member
  • Posts: 520
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

American geriatrics society clinical guideline American geriatrics society clinical guideline
Edward Bellamy, author of the utopian novel Looking Backward (1888) Bellamy’s socialism worried many Edward Bellamy, author of the utopian novel Looking Backward (1888) Bellamy’s socialism worried many
A step stool can be used to assess the ability to use steps. A step stool can be used to assess the ability to use steps.
This mural depicts the history of Mexico and its struggles to create a just society in the face of ... This mural depicts the history of Mexico and its struggles to create a just society in the face of ...
The ability of a community to cope, adapt to, and mitigate the accelerating impact of climate change The ability of a community to cope, adapt to, and mitigate the accelerating impact of climate change
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library