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What else can I help you with?
How does Germany make up for the resources that are in short supply?
kittens
What describes a situation that would tend to raise the price of goods?
Scarce natural resources make it more difficult for producers to keep up with demand.
Why conserving scarce resources affects how quickly they are used up?
they affect it because when you conserve the resources your limiting them then that means their wants are limited (KeshaS)
What statements are the correct way of thinking in economics?
Something must be given up if we are to have more scarce resources.
Which of these statements is correct in an economic way of thinking?
Something must be given up if we are to have more scarce resources.
How is production possibilities used to help allocate scarce resources?
its like comparing guns and butter...if you want to make more butter you have give up some guns...if you want to make more guns you have to give up some sticks of butter.
Which of these statements is corrected in an economic way of thinking?
Something must be given up if we are to have more scarce resources. (A+)
What describes a situation in which the proce of a good would rise?
The question is incomplete. No options (for which of the following) are given to answer the question.
What a situation in which the price of a good would rise?
Producers cannot make enough of a good when that good becomes popular suddenly. Scarce Natural Resources make it more difficult for producers to keep up with demand.Scarce natural resources make it more difficult for producers to keep up with demand.A new technology allows producers to increase supply very quickly.
What is the issue of scarcity of natural resources?
One issue that can spring from scarcity of natural resources is economic. When items are scarce, the price for those items goes up. Oil is a good example of this effect.
What describes a situation in which the price of good would rise?
Producers cannot make enough of a good when that good becomes popular suddenly. Scarce Natural Resources make it more difficult for producers to keep up with demand.Scarce natural resources make it more difficult for producers to keep up with demand.A new technology allows producers to increase supply very quickly.
What are the characteristics of scarcity?
Scarcity is limited resources of land, labor, and capital. When there is scarcity it leads to giving up wants in order to have what is needed. Sometimes giving up needs in trade for another need is required to survive the scarce resources.
