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

Author Question: Scarcity and shortages differ in that A) scarcity is caused by natural disasters and shortages ... (Read 184 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

al

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


wrbasek0

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 29, 2018
Correct answers!


al

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

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.

Tri parti-colored (white, brown and black) guinea pig in its natural habitat. Tri parti-colored (white, brown and black) guinea pig in its natural habitat.
Natural capital degradation Natural capital degradation
New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f
Abnormalities Caused by Cardiac Pathology Abnormalities Caused by Cardiac Pathology
Negative reading oxygen sensor voltage can be caused by several problems. Negative reading oxygen sensor voltage can be caused by several problems.
Vaginal Discharge with Microorganisms Caused by Trichomoniasis Vaginal Discharge with Microorganisms Caused by Trichomoniasis
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library