Scarcity and shortages differ in that
A) scarcity is caused by natural disasters and shortages are caused by mistakes people make.
B) scarcity is a condition of human life while shortages are usually temporary phenomena related to an imbalance between the amount desired and the amount produced.
C) scarcity is a type of shortage but shortage is a broader concept.
D) shortages apply to resource markets while scarcity applies to product markets.
Question 2
The macroeconomist would most likely study
A) the effects of changing apple prices on the market for oranges.
B) the effects of an increase in wage rates on a woman's decision to enter the labor force.
C) the effects of a lower income tax rates on the nation's total production of goods and services.
D) the effect of increased union wages on the cost of producing automobiles.
Mutations caused by air pollution.
Continuous variation in a natural population
Spinal changes caused by osteoporosis.
Steric effects caused by ligand binding to the heme of myoglobin
Natural plant sources of pharmaceutical
Natural hazards