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because opportunity itself is scarce too
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∙ 12y ago
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Would you have to make choices if you had unlimited resources?
unlimited resources would mean that scarcity does not exist. And if scarcity does not exist, then of course, there's no opportunity cost. we can buy anything we want with enough income.
Why does scarcity exist?
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
What is scarcity and why does scarcity always exist?
They occur whenever we dont have enough resources to produce all the things we like to have. By : Taylor S Locklear
Why does scarcity exist in an economy?
*there are not enough resources to produce everything people want*
Do costs exist because resources are limited and have alternative uses?
yed
Would you have to make choices if you had unlimited resources?
unlimited resources would mean that scarcity does not exist. And if scarcity does not exist, then of course, there's no opportunity cost. we can buy anything we want with enough income.
Why does scarcity exist?
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
Why does scarcity alway exist?
Because there unlimited wants but limited resources.
What is scarcity and why does scarcity always exist?
They occur whenever we dont have enough resources to produce all the things we like to have. By : Taylor S Locklear
Why does scarcity exist in an economy?
*there are not enough resources to produce everything people want*
Why does the law of opportunity cost exist?
Regulation act
Which is correct - you are interested in working on the presidential campaign if the opportunity still exist OR if the opportunity still exists?
The second one is correct: "If the opportunity still exists."
Can a democracy exist without both opportunity and equality before the law?
True democracy must include both equality and opportunity. However, a form of it will work while those things are not complete.
Can an organization exist without management?
can management exist without organization
Would gravity not exist without weight?
Weight would not exist without gravity.
Can Israel exist without US?
Of course Israel can exist without the U.S. While the United States helps and supports Israel, Israel can still exist without them.
Why do producers and consumers have to make choices?
Because these economic actors exist in a condition of scarcity, which means that they must make trade-offs to achieve their desires. Making trade-offs implies economic choices exist.
