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What property in economics results from the fact that people will always want more no matter how much is produced?
there is scarcity that cannot be eliminated
Which of the following best explains why the game of economics cannot eliminate scarcity?
There are not enough resources to produce all of the goods and services that everyone wants.
Which of the following explains why scarcity cannot be eliminted?
No matter how much supply is produced, people's demands will always increase to exceed supply. apex (:
What best explains why the games of economics cannot eliminate scarcity?
No matter how much supply is produced, people's demands will always increase to exceed supply.
Scarcity can be eliminated if?
The resources of the planet are used to meet human need, rather than wasted on the money system, law enforcement and wars. It would be straightforward to grow enough food to feed everyone, but there is not enough profit in doing so. Nobody has unlimited wants.
What property in economics results from the fact that people will always want more no matter how much is produced?
there is scarcity that cannot be eliminated
Which of the following best explains why the game of economics cannot eliminate scarcity?
There are not enough resources to produce all of the goods and services that everyone wants.
Which of the following explains why scarcity cannot be eliminted?
No matter how much supply is produced, people's demands will always increase to exceed supply. apex (:
What best explains why the games of economics cannot eliminate scarcity?
No matter how much supply is produced, people's demands will always increase to exceed supply.
What is scarcity?
The noun 'scarcity' is a word for not enough to satisfy what is needed; the resources are finite, cannot meet the need, which is infinite.
Scarcity can be eliminated if?
The resources of the planet are used to meet human need, rather than wasted on the money system, law enforcement and wars. It would be straightforward to grow enough food to feed everyone, but there is not enough profit in doing so. Nobody has unlimited wants.
What properties of economics results from the fact that people will always want more no matter how much is produced?
That’s not a fact, it’s a fantasy. There are obvious limits to the amount of food, shoes, CDs etc than people can want.
Can fleas come back to life after they have been eliminated?
No, once fleas have been eliminated, they cannot come back to life.
Which of the following explains why scarcity is a basic fact of life?
demand will always be greater than supply
Scarcity and choice?
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite.Egoism and its 'rational' variant 'capitalism' have a very simple basic principleRead more: Scarcity_and_choice
What form is used to report a hazard that cannot be eliminated immediatEly?
AF 457
What is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
