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Economic scarcity refers to what?
Choices of scarcity Scarcity forces a choice among other alternatives, everyone faces scarcity at some point in time, as most person income does not allow them to buy everything they would like to obtain so this forces them to make a budget to decide how much of what goods to buy. With scarcity choices are always a factor as it involves giving up one thing to again another, for example, you wanted to take a vacation with your family which would cost you US$1000 with this US$1000 you could also do some well needed work the roof of your for the hurricane season which is coming up. What did the vacation really cost? Some might say just US$1000 but in reality it really cost you a well needed repair that should have been done to your house which would be available for years to come for the family to inherit and enjoy, which is called Opportunity Cost the cost of foregone alternatives. Time also plays a major role in the economy's society as in scarcity and choice, and also opportunity cost. As time is not always available and scarcity is considered when the amount of a good is not being supplied to meet the demand, as it is often based on an idea that goods are often times limited in the supply, which can be managed through making choices regarding value for exchange. If a persons spends eight hours each day working, the opportunity gained is more work experience and knowledge you gained if you had spent the same eight hours each day sitting with friends drinking and watching movies.
What countries are in the great eight?
The Great Eight refers to a group of countries that led in industrialization. They include The United States, United Kingdom, Russia, Japan, Italy, Germany, France, and Canada.
What is an eight letter synonym for wealthy?
Synonyms could by "well-to-do" or "affluent".
How much is 70 euros worth in us dollars?
EIGHT thousand USD.
How much is a piece of eight coin worth?
it is worth $120 per coin
What is the recommended tire pressure for a 1998 olds eighty eight?
tire pressure should be on a sticker on the drivers door.
How do you write 148 in word form?
The numeral 148 is written or spoken "one hundred forty-eight."
How old should an eight year old boy be?
Eight years olds should be eight years old.
What player did the Cowboys trade to the Minnesota Vikings in 1989 for five veteran players and eight draft choices?
Herschel Walker.
What is an eight letter word for in good spirits?
Some choices: Elated, cheery, jovial, joyous
Where exactly is the fuel filter on a 1987 Chevy Blazer S-ten two point eight L?
check on the drivers side under the hood it will be right against the firewall as looking just past the brake booster or maybe the drivers head follow those back and should be round and silver if i remember correctly
How do you get to eight island?
You should ask nine.
Where is number eight plug on a 4.7 jeep 2004?
Number eight is the rear passenger side. Pass side 2-4-6-8 Drivers 1-3-5-7
A multiple choice test has 8 questions with 5 choices for each In how many different ways can the answer sheet be filled out?
58=390625 There are five choices for each of the questions. To find the total number of ways to answer multiply 5 for each of the eight questions.
How often do you have to renew Florida drivers license?
every eight years unless you are 80+ years old... then every 6 years
Many people has disabled drivers what are some of the car insurance companies available?
Yes Allstate Insurance company does offer insurance for disabled drivers in Florida. You can call their eight hundred number or check out their website at allstateinsurance.com.
What side on 2001 Lincoln LS eight cylinder is number two bank?
Bank 2 is the drivers side of your Lincoln LS engine
