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All resources are scarce.
What else can I help you with?
Why are all goods and services scare?
What are all goods and services scarce
Why all goods and services are scarce?
All resources are scarce.
All goods and services are scarce because the resources that compose them are scarce?
Resources are limited .
Why are all goods and services scarce in the economy?
Goods and services are scarce in the economy because there are limited resources available to produce them, and the demand for these goods and services exceeds the available supply. This scarcity forces individuals and businesses to make choices about how to allocate resources efficiently.
The use and distribution of scarce resources for production of goods and services?
Economics
What is called the use of scarce resources for production of goods and services?
Rationing
True or false all goods and services are scarce?
True. Because all resources are limited and become scarce.
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
Why are goods and services scarce in the market?
Goods and services are scarce in the market because there are limited resources available to produce them, and the demand for these goods and services often exceeds the available supply. This scarcity leads to competition among consumers and businesses, which can drive up prices and create shortages.
What does the study of economics focus on?
what scarce resources are used to produce goods and services.
Economics is about the production of goods and services which requires the allocation of what?
Resources
List three goods that you see in your classroom and two services that exist in your school Explain why these goods and services are scarce?
Goods= Bottle Waters, Hand Sanitizer & Chewing Gum. Services= PSAT Test, Volunteers Work & Summer School. These goods and services are scarce because in some case these things are not sufficient for us because of our unlimited wants and interest.
