What is the relationship between scarcity and shortage, as economists use the terms?
A) Scarcity and shortage cannot exist simultaneously.
B) Shortages are the basic cause of scarcity.
C) Scarcity creates shortages in the long run.
D) Scarcity is relative while shortages are absolute.
E) Scarcity is unavoidable but shortages are not.
Question 2
In a persisting demand-pull inflation,
A) aggregate supply decreases and aggregate demand increases.
B) aggregate demand decreases and aggregate supply decreases.
C) aggregate demand increases and potential GDP decreases.
D) aggregate supply increases and aggregate demand increases.
E) None of the above answers is correct.
Went and Briggs demonstrated the relationship between light perception and auxin function.
Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a
When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
Frequently Used Computer Terms
Economic activity as viewed by environment and ecological economists
Relationship between Income and Happiness in the United States