What is the scarcity principle in economics?

Answers

Answer 1

The scarcity principle in economics states that resources are limited and must be allocated efficiently to satisfy unlimited wants and needs.

How does the scarcity principle impact the allocation of resources in an economy?

The scarcity principle impacts the allocation of resources in an economy by forcing individuals and societies to make trade-offs when deciding how to use scarce resources. Resources are limited, and since the wants and needs of individuals and societies are unlimited, they must prioritize their wants and needs and allocate resources accordingly. The scarcity principle also impacts how resources are allocated through market mechanisms, such as supply and demand, which determine the prices of goods and services. Additionally, the scarcity principle can influence the allocation of resources through government policies and regulations, such as taxes, subsidies, and price controls. Ultimately, the scarcity principle shapes the way resources are allocated within an economy and the decisions made by individuals and organizations in regards to production and consumption.

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Related Questions

The description in the first paragraph indicates that
what Ethan values most about Mattie is her
A) fitness for farm labor.
B) vivacious youth.
C) receptive nature.
D) freedom from worry.

Answers

Answer:

C ) receptive nature.

Explanation:

In the novel "Ethan Frome", Ethan is the protagonist. Ethan has been portrayed as a simple man who has been living a miserable life. After meeting with Mattie he felt that only she was the one who understands him. There is a constant conflict in his mind regarding his love for Mattie. He doesn't feel good about expressing his feelings towards Mattie to her. He feels that this would be very unfair if he start to impose his feelings on him.

Give one word for the following. Christians worship here________? or English term for ghati___________?​

Answers

Answer:

The english term for ghati is The Valley

How would the story be different if hte princess herself were telling the story?Use details from the story to support your answer

Answers

The water ran down from her hair and clothes; it ran down into the toes of her shoes and out again at the heels. And yet she said that she was a real princess. ... Now they knew that she was a real princess because she had felt the pea right through the twenty mattresses and the twenty eider-down beds.

Which detail from the test best supports the answers to part A. “Women in the civil rights movement by Barrett smith”

Answers

Answer:

hope you get a good grade have a good day :)

Explanation:

hope i helped <3

Answer:

IT'S C because my teacher already graded it

How was Douglas affected by the violence he witnessed?
Douglass became used to the violence he witnessed.
B.
Douglass lost hope after the violence he witnessed.
Douglass was unable to fully understand the violence he
witnessed.
Douglass was forever changed by the violence he witnessed.

Answers

Answer:

D

Explanation:

Douglass spoke openly against slavery because he was changed by the violence he witnessed.

Contrast the churro's worth and position in Spain just before it came to the United States with its position and worth in
its early days in the United States.

Answers

Answer: The churro's worth was pretty high in Spain. After it came to the United States it still had some worth but as time went on they found out they could not make clothes with its coarse wool. So they used the sheep for mutton instead.

Explanation:

Have a great day :)

In Spanish, the churro had a great monetary value. It had some value when it arrived in the United States, but as time passed on, they discovered they couldn't construct clothing with its coarse wool.

As a result, they substituted sheep for mutton.

The value and position of the churro in Spain before to its arrival in the United States, as well as the value and position of the churro in its initial periods in the United States.

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In at least 200 words choose another novel that you have read and give two examples of how understanding historical context was important be sure to consider the context of historical events social customs and background of the author

Answers

Answer:

The novel he chose was "Gone With the Wind."

Explanation:

In "Gone With the Wind" we are introduced to South American society before, during and after the American Civil War. The author of the book was a descendant of Southern farmers and had a number of reports and a strong academic research on Southern society during the war, which makes the book very probable. This historical context was important for me to understand the visasulista in relation to the slaves, because there was a strong veiled racism, disguised carefully before and after the war that became a racism full of anger and resentment after the war. In addition, the book was very enlightening about the reconstruction of the south and how this affected the feelings of the southerners.

Answer:

Let's take, for example, Joseph Conrad's work – "Victory". Victory is a psychological novel that tells the story of a skeptical character, incapable of loving, named Axel Heyst. The novel uses a series of methods to give the reader the possibility to see a psychological interior battle lived by the protagonist and his impossibility to love, even when his partner shows proofs of loving him.

The book was published in 1915, and in the time there were no easy access to airplanes, so the characters used boats and ships to travel from island to island, since the plot happens in a place of lands surrounded by the sea. That means that the narrative happens also in the sea and with sailors.

Besides, the year 1915 was during the first World War, and this certainly reflected the atmosphere of the plot, which was very pessimistic, making even the protagonist a very skeptical character. Such a character was incapable of loving, even when his partner tried consistently to show him she cared.

The World War atmosphere was transferred to the book, and "Victory" showed a pessimistic world, where some people were incapable of loving and only though about themselves.

Analyze the themes presented in the song “Home” by Michael Steven Bublé as well as in the play “His Return”.

Answers

Answer:

edqwdwdad

Explanation:

What warning do Odysseus give his men about the cattle grazing nearby

Answers

Answer:

Odysseus warned his men to stay away from the cattle grazing nearby on the Island of the sun-god.

Explanation:

Homer's "The Odyssey" revolves around the journey of Odysseus and his men in trying to get back to their home in Ithaca. The epic novel focuses on the many trials and obstacles that hindered the men throughout their journey.

In Chapter XII, the blind Theban prophet Teiresias had warned Odysseus not to lay a hand on the cattle they will encounter at the Island of the sun-god. Even Circe had also warned him to tell his men "to shun the island of the blessed sun-god" and move past oi. Circe revealed: "If you leave these flocks unharmed, and think of nothing but getting home, you may yet after much hardship reach Ithaca; but if you harm them, then I forewarn you of the destruction both of your ship and of your comrades; and even though you may yourself escape, you will return late, in bad plight, after losing all your men."

Such was the warning to Odysseus and his men to leave the cattle alone.

Which claim does the author make in the Newsela article "Opinion: It's Important for Kids to See Diverse TV, Movie Characters"? Children have extensive background knowledge they draw on to form stereotypes. Researchers must understand why stereotyping exists before adjustments can be made to media. Media maintains stereotypes because it has proven to be financially successful. Characters with non-American accents are more appealing to audiences.

Answers

Supporting media can be divided into traditional media and non-traditional media. Traditional support media is one that uses external advertising, while non-traditional support media is one that uses branded entertainment.

Newsela article "Opinion"

Correct option is C.

"Media maintains stereotypes because it has proven to be financially successful."

Newsela is considered as a educational content tool that helps teachers to identify articles that are appropriate for their students' reading levels.Questions and writing prompt aligned with common core standards are also included in Newsela articles.

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13. Be careful of snakes in the jungle. They can be ......... and bite you

A) poisonous
C) exciting
B) friendly
D) sensitive​

Answers

Poisonous is your answer have a good day/night!
The answer is A, Poisonous

hii please help i’ll give brainliest if you give a correct answer!!!

Answers

I believe it will be B :) hope this helps!

my father taugh me english change ib passive voice​

Answers

Explanation:

My father taught me English.

Changing into passive voice

I was taught English by my father.

Hope it will help :)

What can the reader conclude about Anthony based on this excerpt? Anthony was a brave and determined person. Anthony did not fully understand the laws. Anthony was not influenced by others' opinions. Anthony enjoyed breaking rules to get attention.

Answers

Answer:

A

Explanation:

Answer:

A

Explanation:

Can you help with my blog :)

Answers

Answer: Yes, music can bring people together. Why? Because sometimes people like the same songs but when they’re apart or feeling lonely they start getting deeper in their feelings which makes them think deeper and deeper and it can even make a connection between random people.

Hi,can you check my answers please?​

Answers

Answer:

Seems right to me.

Explanation:

sounds good!!!!!!!!!!

ASAP PLEASE HELP ME!!!!!!!
Sensory detail is defined as is language that interacts with a reader's five
senses: sight, sound, smell, taste, and touch.Rewrite this definition in your own
words.

Answers

Answer:

sensory detail is the use of words that appeal to the audience's five bodily sensations which include seeing, hearing, smelling, tasting, and touching

Explanation:

A colon may appear in each of the following places except
Select one:

before a quotation.

between two main clauses

after an incomplete sentence.

before a list.

Answers

after a incomplete sentence

help pls the question below​

Answers

Answer:

1. Southeast Asian countries.

2. Silver.

3. Total number of medals.

4. Column four (D3).

5. Column three (C11).

Explanation:

A spreadsheet can be defined as a file or document which comprises of cells in a tabulated format (rows and columns) typically used for formatting, arranging, analyzing, storing, calculating and sorting data on computer systems.

Generally, rows are numbered numerically as 1, 2, 3, 4, 5, etc. from top to bottom while columns are labeled alphabetically as A, B, C, D, E, etc. from left to right.

Hence, row is the horizontal arrangement of cell while column is the vertical arrangement of cell in a spreadsheet (table of cells).

1. The information given is the Southeast Asian countries participating in the 2019 game.

2. The information given in the third column is the number of SILVER won by various countries.

3. The information given in the fifth column is the total number of medals won by various countries.

4. Column four (D3)

5. Column three (C11)

is this sentence correct or not​

Answers

Answer:

No its not correct.

Explanation:

Choose the sentence with the correct capitalization.

Mother and father are visiting my sister.

Mother and Father are visiting my sister.

Answers

Answer:

1st one. Mother and father are visiting my sister.

Explanation:

The 1st one is right because mother and father is just a relationship not a place or a name. Mother is in caps because it is in the starting of the sentence. If mother was in the middle of the sentence then it would be lower case. The 2nd option has caps for father so it is wrong.

I am 100% sure this is the answer. Please mark branliest.

Good Luck!

Answer:

Mother and Father are visiting my sister.

Explanation:

Names for people need to be capitalized. A few examples are: Father, Aunt, Mother, etc. In this sentence, Mother and Father are being used in place of names, which makes them capitalized.

Hope this helps you...have a great day! ( ̄︶ ̄)↗ 

All Aboard the freedom Train
by Irene Latham

Come now passengers,
throw off your chains!

Take your place on the train
that runs underground.

Its wheels are people
who arrange secret stations,

its whistle blows,
freeeeeeeeeeee-dom.

Follow Harriet --
your conductor, your guide.

Brave hunger and darkness
to outsmart your captors.

With a runaway's speed
and a locomotive's power,

time now
to steam into your future.

Part 1: What is the structure of the text?
a)cause and effect
b)compare and contrast
c)problem and solution
d)chronological

Part 2: How does the structure of the poem contribute to the authors message in the poem?

Answers

Answer:

Explanation:

Part 1:C

Talking about your future

Answer:

it helps by LOOK IT UP!!!!!

Explanation:

i can look it up

Which sentence has a compound subject thanks

Answers

b. it is b because you could separate them such as: I smelled something. And I went down to the kitchen

Which part of the poem does this excerpt show?

the exposition
the rising action
the falling action
the resolution

Answers

Answer:

b

Explanation:

Answer:

B

Explanation:

What does the major theme in The Land illustrate about inequality during this section of the story?
ООО
O that it has social consequences
that it has financial consequences
that it has more consequences for adults
that it has more consequences for children

Answers

Answer:

that it has social consequences

Explanation:

It has social consequences.

Hope this helps!

Write a narrative essay about a person you consider to be a hero. Share an experience that shows what you admire about that person and what impact he or she had on you.

Please make it broad like about a grandmother. I need 500+ words to qualify. Thank you so much!!!

Answers

Answer:  Welll im not going to do all the work for you but heres

a start sentence, I consider my mother as a hero because....

Explanation:

You need it to be positive.

Your school board is considering adding an extra break in the fall of the school year. While this would give students a two-week break during October, students would then need to go to school an extra two weeks at the end of the year.
What do you think about having a fall break? Write a persuasive essay in support of your
position to give to your principal. Make sure you write at least two paragraphs and include your position and supporting reasons.

Answers

Answer:

This is very easy just right why you think kids should or shouldn't have an extra break during October. Some examples why you think students shouldn't have extra time off during October. WRITE THIS AS AN ESSAY IF YOU DON'T KNOW HOW TO WRITE AN ESSAY LOOK UP IT UP!

Explanation:

-reason 1 for why they should have extra time off- They get to spend more time with family or friends. They also get to go have free time that they haven't had before on other breaks. THERE ARE SOME EXPLANATIONS.

-reason 2 for why they SHOULDN'T have extra time off during October- They could get behind on work and possibly fail their grade. Another reason is they could learn a lot more than waste their time at home being lazy! their are some reason i hope this helps. Have a good day!

To determine the central idea of An Essay on Man, what should the reader do first?

paraphrase the author’s argument
locate key details
decide the author’s message
identify the topic

Answers

The first thing which a person must do in order to determine the central idea of An Essay on Man is:

D. Identify the topic

According to the given question, we are asked to state the first thing which a person must do in order to determine the central idea of An Essay on Man.

As a result of this, we can see that whenever a person wants to identify the central  idea of a text, he would first have to read and identify the topic because it would give him a good idea on what the author is writing about.

Therefore, the correct answer is option D

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Answers

Answer:

personal opinion

Explanation:1. a way of considering something: 2. an opinion: 3. a way of considering something

Answer:

perspective

Explanation:

Which is the best example of a character responding to the Law of the Jungle in The Jungle Book?
A be
Shere Khan responds by offering to take Mowgli away from the Pack.
O Mowgli responds by bringing fire to the meeting near Council Rock.
O Bagheera responds by offering to pay a bull so that Mowgli can stay in the Pack.
O Mother Wolf responds by taking Mowgli into her family and caring for him.

Answers

Answer:

the answer is C Bagheera responds by offering to pay a bull so that Mowgli can stay in the Pack.

Explanation:

Sorry im late but heres the explaination -

when you go back and read the story you can see all the animals different responces and the best explination for this is C.  Good luck on your test!

Comment on this question if you wanna play adopt me with me! :) (its on rob.lox btw)  if you dont know what adopt me is.

The best example of a character responding to the Law of the Jungle in The Jungle Book is Bagheera responds by offering to pay a bull so that Mowgli can stay in the Pack. Thus, the correct answer is option C.

What is the Jungle Book?

Rudyard Kipling's The Jungle Book is an adventure story about a man-cub named Mowgli.

Shere Khan, an evil tiger, pursues Mowgli. Mowgli attempts to live in harmony with other humans, but he is too wild for them and too human for the wolves. Mowgli eventually finds a home in the jungle with his own pack.

The book's main theme is abandonment followed by fostering, as in Mowgli's life, echoing Kipling's own childhood.

Therefore, Bagheera responds by offering to pay a bull so that Mowgli can stay in the Pack is the best example of a character responding to the Law of the Jungle in The Jungle Book.

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The winning times for a race are shown in the table. Which answer describes the rate of change from year 2 to year 4?- The winning time increased by an average of 0.267 second per year from year 2 to year 4.- The winning time increased by an average of 0.8 second per year from year 2 to year 4.- The winning time increased by an average of 0.4 second per year from year 2 to year 4.- The winning time increased by an average of 0.475 second per year from year 2 to year 4. GameStop is going out of business and everything is 60% off. What isthe new price of a game that regularly costs $58.99? The song "Revolutionary Tea" portrays the relationship between Britain and the American colonies asa master-slave relationshipa tea partya sibling rivalrya mother-daughter relationship three times the cost of a pack and boots a2p + b b3(p + b) c3p x 3b Please help me 3x+y=-3 According to the National Beer Wholesalers Association, U.S. consumers years and older consumed gallons of beer and cider per person during . A distributor in Milwaukee believes that beer and cider consumption are higher in that city. A sample of consumers years and older in Milwaukee will be taken, and the sample mean beer and cider consumption will be used to test the following null and alternative hypotheses:_______.H0 : 26.9Ha : > 26.9 a. Assume the sample data led to rejection of the null hypothesis. What would be your conclusion about consumption of beer and cider in Milwaukee?b. What is the Type I error in this situation? What are the consequences of making this error?c. What is the Type II error in this situation? What are the consequences of making this error? What tone should the speaker use to reciteO confused and unsureO sincere and romantic**t 18,"peareO silly and humorousO angry and hurt? Katy has one child, Dustin, who is 18 years old at the end of the year. Dustin lived at home for three months during the year before leaving home to work full time in another city. During the year, Dustin earned $15,000. Katy provided more than half of Dustin's support for the year. Which of the following statements regarding whether Katy may claim Dustin as a dependent for the current year is accurate?a. Yes, Dustin is a qualifying child of Katy. b. Yes, Dustin fails the residence test for a qualifying child but he is considered a qualifying relative of Katy. c. No, Dustin fails the support test for a qualifying relative. d. No, Dustin fails the gross income test for a qualifying relative. A train travels at a speed of 65 miles per hour. How long did it take the train to travel 227.5 miles? Why did the European presence in Africa expand? What is the surface area?2 mm2 mm2 mm square millimeters Susie bought 6 yards of fabric to make scarves. She estimates that it takes 3/5 yard to make huge scarf. How many scarves can Susie make? write a letter to your friend telling him/her two Resons why he should attend your school find the area of given figure do you weigh yourself regularly?what the things you do to adjust if your weight starts to slip upward or downward? .0. Rearrange the words to make meaningful sentences.(a) luck/ it/ to win /good /than /to /is /easier /it /retain The image of the point (8,1) under a translation is (9,2). Find the coordinates ofthe image of the point (5,5) under the same translation. 2. What problems do for-private prisons bring up for Latinos in the criminal justice system. please help me on this will give you brainliest Please help me, Ill give brainliest if you give me a real answer!!!