« previous next »

Author Question: Scarcity a. exists because people have wants that are unlimited relative to the availability of ... (Read 14 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?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Major moons of Uranus in order of increasing distance (left to right), at their proper relative size Major moons of Uranus in order of increasing distance (left to right), at their proper relative size
Holland’s six basic types of people based on vocational interests (attitudes, abilities, and ... Holland’s six basic types of people based on vocational interests (attitudes, abilities, and ...
Poverty rates have declined in the last 50 years, and the biggest decline has been for people 65 and ... Poverty rates have declined in the last 50 years, and the biggest decline has been for people 65 and ...
One way to think about the different phases or stages of adulthood is in terms of the relative ... One way to think about the different phases or stages of adulthood is in terms of the relative ...
Indicators of Relative Economic Well-Being Indicators of Relative Economic Well-Being
In old age, as in all other stages of the life course, people find life more pleasant if they have ... In old age, as in all other stages of the life course, people find life more pleasant if they have ...
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library