1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Airida [17]
2 years ago
15

How does scarcity determine the economic value of an item?

Social Studies
1 answer:
Zina [86]2 years ago
3 0

Scarcity determines the economic value of an item by the amount of goods produced.

<h3 /><h3>What is economic scarcity?</h3>

It corresponds to a context where there is a greater demand than supply for a good or service, generating an economic imbalance.

Therefore, in a situation of scarcity, consumers' desires may be limited, leading to higher prices and reduced purchasing power.

Find out more about scarcity here:

brainly.com/question/3081250

#SPJ1

You might be interested in
How did the Radical Republican Congressman Thaddeus Stevens hope to reconstruct the nation after the Civil War?
Yuki888 [10]
The Radical Republicans believed blacks were entitled to the same political rights and opportunities as whites. They also believed that the Confederate leaders should be punished for their roles in the Civil War. Leaders like Pennsylvania REPRESENTATIVE THADDEUS STEVENS and Massachusetts SENATOR CHARLES SUMNER vigorously opposed Andrew Johnson's lenient policies. A great political battle was about to unfold.

Americans had long been suspicious of the federal government playing too large a role in the affairs of state. But the Radicals felt that extraordinary times called for direct intervention in state affairs and laws designed to protect the emancipated blacks. At the heart of their beliefs was the notion that blacks must be given a chance to compete in a free-labor economy. In 1866, this activist Congress also introduced a bill to extend the life of the Freedmen's Bureau and began work on a CIVIL RIGHTS BILL.
5 0
3 years ago
Read 2 more answers
Which of the following explains why the location of the St. Augustine settlement was important to the Spaniards?
Klio2033 [76]

Answer:

I think the answer is D. But im not sure so im sorry if this is wrong and IF its not then your very welcome

Explanation:

5 0
3 years ago
Who is Bengermin Fraklin?
Leni [432]

Scientist. Also on the 100 dollar bill. Hope this helps:))

3 0
3 years ago
Read 2 more answers
Even though scientists can predict when and where tornadoes may occur, why do these storms still catch people by surprise?
Elenna [48]

Answer: because like on the news they use a temperature but you can’t use the temperature thing for storms :p

Explanation:

8 0
3 years ago
When minority groups enter the us, they are typically either or?
igor_vitrenko [27]
<span>either assimilated or rejected... i believe its this :)</span>
5 0
3 years ago
Other questions:
  • Topics such as perception, thinking, and learning are studied by ________ psychologists.
    7·1 answer
  • A nurse interviews a new client in the day room of the psychiatric unit. The nurse is wearing a jacket and a bag and frequently
    12·1 answer
  • The practice of fencing off common lands to create individually owned fields was called ___________.
    5·1 answer
  • Is discover card the same as discover network?
    14·1 answer
  • Where did the Anasazi live?
    8·2 answers
  • Who were the Little Rock Nine?
    14·2 answers
  • Which results are more likely for someone without personal finance skills? Select three options. 1.higher tax rates 2. less prep
    7·2 answers
  • Where is the Sun located O A. The Sun is the closest object to Earth in our solar system. B. The Sun is at the center of our sol
    15·1 answer
  • Giving brainliest plz help !
    11·2 answers
  • 1. ¿Por qué un muy buen narrador podría ser un mal subastador ?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!