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Which of the folllowing properties of economics results from the fact that people will always want more no matter how much is produced?
The property of economics that results from people always wanting more, regardless of production levels, is known as "unlimited wants versus limited resources." This fundamental concept highlights the perpetual nature of human desires, where individuals seek to fulfill their needs and wants continuously. As a result, scarcity becomes a central issue in economics, driving the need for efficient allocation of resources to address these insatiable demands.
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 output in economics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
Why is economics a required course for graduation?
Depends on your degree. Prior to college, almost always none; but you might have to take a few Economics courses while in college.
What is always there when something is produced?
an opportunity cost
Which of the folllowing properties of economics results from the fact that people will always want more no matter how much is produced?
The property of economics that results from people always wanting more, regardless of production levels, is known as "unlimited wants versus limited resources." This fundamental concept highlights the perpetual nature of human desires, where individuals seek to fulfill their needs and wants continuously. As a result, scarcity becomes a central issue in economics, driving the need for efficient allocation of resources to address these insatiable demands.
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 property is -2 Times -1 Equals 2?
It is: -2*-1 = 2 because the product of two minus numbers always results as a positive answer
Which rolling stones song is about economics?
You Can't Always Get What you Want....
Why Economists always talking about money and wealth?
Because that's what the study of economics is.
Property belong to whom in maharaja gulab singh rule in jammu and kashmir?
property always remain to common people. all maharaja always rule they are the administrator but the property always remain to common people.
Has water always exhibited the same property throughout history?
has water always exhibited the same property throughout history
What do you think will happen if you always do what you always did?
If you always do what you have always done, the same thing that always happens will happen again. Only by changing your behavior will you get different results.
Why is economics a required course for graduation?
Depends on your degree. Prior to college, almost always none; but you might have to take a few Economics courses while in college.
What property of polynomial subtraction says that the difference of two polynomials is always a polynomial?
The property of polynomial subtraction that ensures the difference of two polynomials is always a polynomial is known as closure under subtraction. This property states that if you take any two polynomials, their difference will also yield a polynomial. This is because subtracting polynomials involves combining like terms, which results in a polynomial expression that adheres to the same structure as the original polynomials.
What is output in economics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
Property of energy transfer that is always away from the source?
Infrared radiation is a property of energy transfer that is always away from the source.
