The effect of scarcity on economics

Assignment Help Microeconomics
Reference no: EM13196844

I am learning about scarcity in my SS 6th grade and I am unsure about this question. 

Which sentence best tells the effect of scarcity on economics? 
A. Scarcity shapes decisions about how to distribute goods 
B. because resources are scarce consumers buy fewer goods 
C. Scarcity makes people work harder to make more money 
D. The existence of scarce resources forces people to make choices 

Reference no: EM13196844

Questions Cloud

How long was the ball in the air : Malik popped a ball straight up with an initial upward velocity of 45 feet per second. The hight h, in feet, of the ball above the ground is modeled by the equation h=2+48t-16t2. How long was the ball in the air if the catcher catches the ball whe..
Compare the intercellular communications of the endocrine : Which is the most effective and why? Please explain by providing specific examples to support your choice.
Find the average velocity for the time period beginning : A ball is thrown into the air by a baby alien on a planet in the system of Alpha Centauri with a velocity of 24 ft/s. Its height in feet after t seconds is given by y=24t-26t^{2}.
What transport process does this most resemble : what transport process does this most resemble (simple diffusion, facilitated diffusion, or active transport) AND WHY?
The effect of scarcity on economics : I am learning about scarcity in my SS 6th grade and I am unsure about this question. which sentence best tells the effect of scarcity on economics.
What are prions : What are prions? Select one: a. misfolded versions of normal brain protein b. tiny molecules of RNA that infect plants c. viral DNA that has had to attach itself to the host genome d. viruses that invade bacteria e. a mobile segment of DNA
Elements differ in their number of subatomic particles : Protons have one unit of negative charge, and electrons have one unit of positive charge - Various elements differ in their number of subatomic particles.
Typical viral reproductive cycle for a bacteriophage : Suppose talking on the phone to a friend. In a couple of paragraphs, of a few sentences each, describe how you would explain to the typical viral reproductive cycle for a bacteriophage.
Effect on relationship when on a vegetarian diet : What is the relationship between daily dietary protein intake, nitrogen balance, and amino acid function? What is the effect on this relationship when on a vegetarian diet?

Reviews

Write a Review

Microeconomics Questions & Answers

  How much polyglue should alchem produce

Alchem (L) is the price leader in the polyglue All 10 other manufacturers (follower [F] firms) sell polyglue at the same price as Alchem. Alchem allows the other firms to sell as much as they wish at the established price and supplies the remaind..

  Economic analysis of events

Levi Strauss successfully markets Levi jeans on the History channel as a way for older men to stay young forever. What will happen in the jeans market ceteris paribus?

  Find the optimal number of facilities

If the optimal number of facilities that minimizes the total logistical cost for a certain supply chain is five, what would be a logical justification for decision makers of this supply chain to build more than five facilities?

  Find the value of the adjustments

Newbury Drug has recently offered to purchase 25,000 bottles of aspirin that they will sell in their stores under a generic label. Newbury has offered to pay $3.95 for each bottle of aspirin. The controller of Lydek in analyzing the offer has de..

  Calculate alexs income elasticity of demand

Calculate Alex's income elasticity of demand for bagels and what is the pasta sauce makers' estimate  of the cross elasticity of demand for pasta sauce with respect to the price of pasta?

  Difference in between microeconomics and macroeconomics

Suppose your supervisor has been asked many questions about how economy works and why the idea of limited resources is such a major concern in today's economy.

  Computing expected production

The effective capacity and efficiency for next quarter at MMU Mfg. in Waco, Texas, for each of three departments are given below. Compute the expected production for next quarter for each department.

  Demand and supply to determine surplus

Demand and Supply curves. The following relations explain demand and supply conditions in the wheat industry:

  When the production of a good generates external benefits

Which of the following increases the political power of special interest groups and makes counterproductive government action more likelyA car sells at different prices at different dealerships in a local market. If a consumer has imperfect informa..

  What will be the deadweight loss

The government dislikes smoking, and likes tax revenue. If they wanted to increase the after-tax price to $10 per pack, what size of excise tax must be placed on sellers? How much revenue will it raise? What will be the Deadweight Loss?

  Describe at least two actions a manager can take

Describe at least two actions a manager can take to protect her or himself and the organization she or he represents from a tort lawsuit.2. Create a list of five best practices that managers in most industries could take to protect the privacy of ..

  Optimum order quantity and corresponding relevant cost

The total relevant cost of holding inventory in a plant for purchased materials is given, TRC = (6000/Q)(60) PLUS 0.30(12)(Q/2) PLUS 6000(12) WHERE Q IS THE ECONOMIC ORDER QUANTITY.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd