Answer:
4. people must make trade-offs.
Explanation:
Scarcity is the shortage of supply with respect to demand. It arises due to unlimited wants contrasted with limited resources - having alternative uses.
Scarcity : Demand > Supply
This leads to trade off (sacrifise) of something to attain anything, since the limited resources are short of unlimited wants & have alternative uses.
Eg : Having fixed money income (analogous to resources) & many commodities in consumption basket (analogous to wants); if one commodity is gained - it would be at the cost of sacrifising (trade off) some other commodity.
Answer:
Prince Edward Island
Prince Edward Island is the most densely populated province in Canada. Canada is the second largest country in the world after Russia.
Answer:
The American Revolution was precipitated, in part, by a series of laws passed between 1763 and 1775 that regulating trade and taxes. ... Since enforcement of these duties had previously been lax, this ultimately increased revenue for the British Government and served to increase the taxes paid by the colonists.
Explanation:
