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

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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