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 83 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
Wow, this really help

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

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.

Face of a southern yellowjacket (Vespula squamosa) Face of a southern yellowjacket (Vespula squamosa)
Telangiectasias usually occurs in women and on the face Telangiectasias usually occurs in women and on the face
L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh
Wall painting with giraffes, zebra, eland, and abstract shapes, San people, Inanke Cave, Matobo ... Wall painting with giraffes, zebra, eland, and abstract shapes, San people, Inanke Cave, Matobo ...
Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ... Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ...
Major muscles of the face and head. Major muscles of the face and head.
Video: Causes of Acne

For a complete list of videos, visit our video library