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What is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
Which does not describe a market economy?
The problems of scarcity and allocation of resorce are addressed by production for use or need rather than production for profit A+
The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit.?
Socialism (A+)
What statement does not describe a market economy?
The problems of scarcity and allocation of resources are addressed by production for use or need rather than productio for profit.
What describes The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit?
Socialism
Is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
What is an example of scarcity rather than shortage?
A person wants an endless supply of everything but cannot have it.
Which does not describe a market economy?
The problems of scarcity and allocation of resorce are addressed by production for use or need rather than production for profit A+
The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit.?
Socialism (A+)
What describes The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit?
Socialism
What statement does not describe a market economy?
The problems of scarcity and allocation of resources are addressed by production for use or need rather than productio for profit.
Give an example where corrosion is an advantage rather than a disadvantage?
Aluminium oxide is an example of corrosion of advantage rather than disvantage
Give an example where corrosion is an advantage rather than a disadvantage.?
Aluminium oxide is an example of corrosion of advantage rather than disvantage
What is firewood scarcity?
A firewood scarcity is when the demand of firewood is greater than the supply. The cause of firewood scarcity is from the result of deforestation.
Definition of scarcity and opportunity cost by Bernardo Villegas?
Opportunity cost refers to the economic benefit forgone by using a resource for one purpose rather than another.
Why does scarcity exist?
Scarcity exists because our wants and needs are greater than the resources available to satisfy them
How can scarcity be solved?
By producing an effective abundance of goods and services. This would imply producing for human need, rather than wasting resources and effort on the money system, banks, credit cards, government, police, prisons, bailiffs, armies, bombs, etc.
