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market allocation
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∙ 12y ago
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How does scarcity force us to make choices?
Scarcity forces us to make choices because every individual have unlimited wants to satisfy. And no one can have everything that they desire, as supplies and resources are limited.
An economic term used to describe something that is not plentiful is called?
In econonic terms, something that is not plentiful is scarce.As an example, "The scarcity of corn this year has driven prices up along both coasts of the US."Or, more broadly, "The high price of diamonds can be attributed to a combination of their desirability and their scarcity."
Which basic economic problem does the US share with all other nations?
Scarcity of resources
What is the currency system currently used in the US?
us dollars and cents
How would the President of the US talk about scarcity and trade-offs?
The president of the united states would talk about scarcity and trade-off because its what he sacrifices in his everyday life for the whole world its what he trying to change.
What court system that deal with the us laws?
Federal Court System
Was the US corporation system an outgrowth of the new deal?
Nope.
What is the main scarcity in the US today?
i think it is money
What is the primary pattern used by the majority to deal with African Americans who came to the US as slaves?
what was the primary pattern used by the majority to deal with African Americans who came to the US as slaves
Is nuclear-deal useful for us-why?
is nuclear deal useful for us? why nuclear deal is useful for us? is nuclear deal useful for us? why nuclear deal is useful for us? is nuclear deal useful for us? why nuclear deal is useful for us? is nuclear deal useful for us? why nuclear deal is useful for us?
How does scarcity force us to make choices?
Scarcity forces us to make choices because every individual have unlimited wants to satisfy. And no one can have everything that they desire, as supplies and resources are limited.
Is the metric system used in the US?
No
The metric system commonly used in the US is the?
us standered
What system of measurement is widely used in the US but is NOT used by the scientific community?
The U.S. customary system
An economic term used to describe something that is not plentiful is called?
In econonic terms, something that is not plentiful is scarce.As an example, "The scarcity of corn this year has driven prices up along both coasts of the US."Or, more broadly, "The high price of diamonds can be attributed to a combination of their desirability and their scarcity."
What system is used in the US to measure temperature?
The most common temperature measurement system in the US is Fahrenheit.
How is the metric system used in the US?
Sparingly
