« previous next »

Author Question: Scarcity a. exists because people have wants that are unlimited relative to the availability of ... (Read 67 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
on: Jul 1, 2018
Scarcity
 a. exists because people have wants that are unlimited relative to the availability of resources to satisfy those wants
  b. applies when a resource is not freely available
  c. means that each society and each individual must make choices
  d. exists in all societies
  e. all of the above are true

Question 2

Scarcity is best defined as
 a. unlimited resources
  b. a shortage -- when buyers cannot obtain the goods they want
  c. a surplus -- when sellers cannot sell the goods they produce
  d. insufficient resources to satisfy unlimited wants
  e. the private ownership of society's resources


Jordin Calloway

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Calcium consumption is essential for all people Calcium consumption is essential for all people
Gurung people of Nepal Gurung people of Nepal
Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1 Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
Democracy (or “democratization”) is a global social movement. People all over the world yearn ... Democracy (or “democratization”) is a global social movement. People all over the world yearn ...
A 2-kg box of taffy candy has 40 J of potential energy relative to the ground. Its height above ... A 2-kg box of taffy candy has 40 J of potential energy relative to the ground. Its height above ...
Relative expression times and amounts of cyclins during the cell cycle Relative expression times and amounts of cyclins during the cell cycle
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library