0
While the world has sufficient resources to meet basic needs for everyone, the distribution and management of these resources are major challenges. Factors such as economic inequality, political instability, and environmental issues hinder access to resources. Additionally, the concept of "wants" varies greatly among individuals and cultures, complicating the idea of universally satisfying those desires. Ultimately, addressing resource allocation and consumption patterns is crucial for better meeting global needs.
What else can I help you with?
A nation will never have enough resources to satisfy the wants and needs of the people.?
true
What is scarcity and how does scarcity influence opportunity cost?
Scarcity is a situation where there is not enough to satisfy everyone's wants.
A nation through careful planningcan have enough resources to satisfy the total wants and needs of all citizens?
false
It is possible for a nation through careful planning to have enough resources to satisfy the total wants and needs of all citizens?
False.
Why do economists need to find the answer to all three of the basic questions?
There are not enough resources to satisfy people's seemingly unlimited wants.
Why do resources need to be allocated in the game of economics?
There are not enough resources to produce all of the goods and services that everyone wants.
Why resources need to be allocated in the game of economics?
There are not enough resources to produce all of the goods and services that everyone wants.
How do you we satisfy unlimited wants with limited resources?
ferns
Which best answer explains why resources need to be allocated in the game of economics?
There are not enough resources to produce all of the goods and services that everyone wants
What means there is not enough of something to meet all of people's wants and needs?
This probably quietly or politely refers to human greed. It appears to be saying there is enough of something to satisfy needs, but because of greed, there is not enough to satisfy wants. This often means that some will get everything and others will get nothing, rather than each getting what they need.
Why is resources scarce?
The amount of land available cannot satisfy the needs and wants of everyone. this is because population increases yet land stays the same. therefore it is scarce.
Which best explains why resources need to allocated in the game of economics?
Resources must be allocated because there are not enough resources to produce all of the goods and services that everyone wants.
