« previous next »

Author Question: What is the relationship between scarcity and shortage, as economists use the terms? A) Scarcity ... (Read 64 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?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

How genes produce proteins that determine traits in a simple dominant-recessive relationship. How genes produce proteins that determine traits in a simple dominant-recessive relationship.
Relationship of the 12 cranial nerves to specific regions of the brain. Relationship of the 12 cranial nerves to specific regions of the brain.
The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ... The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ...
Inflated Phrases Compared with Concise Terms Cont Inflated Phrases Compared with Concise Terms Cont
Graph showing the relationship between the freezing point of the coolant and the percentage of ... Graph showing the relationship between the freezing point of the coolant and the percentage of ...
expiremntal psychology and its terms expiremntal psychology and its terms
Video: Cerebral Cortex Animation

For a complete list of videos, visit our video library