« previous next »

Author Question: What is the relationship between scarcity and shortage, as economists use the terms? A) Scarcity ... (Read 81 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 29, 2018
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.


taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne
Rules for Forming Plurals Medical Terms (NOUNS) Rules for Forming Plurals Medical Terms (NOUNS)
Terms Related to Abnormal Blood Pressure Readings Terms Related to Abnormal Blood Pressure Readings
Relationship of the lymphatic system to the cardiovascular system. Relationship of the lymphatic system to the cardiovascular system.
Relationship of Sun Angle and Solar Radiation Relationship of Sun Angle and Solar Radiation
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Pericarditis

For a complete list of videos, visit our video library