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oee [108]
2 years ago
15

Explain how farmers' economic choices were affected by the scaricity of the resources.

Business
1 answer:
oksano4ka [1.4K]2 years ago
3 0

It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy. Scarcity is important for understanding how goods and services are valued.

<h3>How has scarcity forced you to make economic choices?</h3>

Scarcity forces all of us to make choices by making us decide which options are most important to us. The principle of scarcity states that there are limited goods and services for unlimited wants. Thus, people need to make choices in order to satisfy the wants that are most important to them.

<h3>What is scarcity of resources?</h3>

Scarcity in economics refers to when the demand for a resource is greater than the supply of that resource, as resources are limited. Scarcity results in consumers having to make decisions on how best to allocate resources in order to satisfy all basic needs and as many wants as possible.

To learn more about Scarcity , refer

brainly.com/question/1888324

#SPJ4

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Sophie works as a superior in the bakery at pick and pay. what level of management is she?
bagirrra123 [75]

Answer:

First-line manager.

Explanation:

Because Sophie is a "superior" instead of being called a "Restaurant Manager" or "Owner" she would be considered front-line.

5 0
3 years ago
How much do alcohol related crashes cost Florida every year
maksim [4K]

Explanation:

Total more than $44 million

hope it is helpful to you

8 0
3 years ago
Read 2 more answers
Which reason for trade barriers is being used when the us refuses to trade with another country because they use child labor to
Kruka [31]

The reason why trade barriers is being used when the us refuses to trade with another country is: Upholding standards.

<h3>What is upholding standard?</h3>

Upholding standard is the process were a country tend to follow and maintain their set standard without deviating from it.

United states refuse to trade with others country because  other country were using children as a laborer to produce goods and United state is against it leading to what is called trade barrier.

Inconclusion the reason why trade barriers is being used when the us refuses to trade with another country is: Upholding standards.

Learn more about upholding standard here:brainly.com/question/6868717

4 0
2 years ago
The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy.
goblinko [34]

The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the energy industry were enraged by this decision. As a result, the government had to reduce the tax burden on all private energy firms so that both the state-owned enterprise and private firms could coexist.It portrays Mixed economy

<h2>Option (E) is correct</h2>

<u>Explanation:</u>

It is an example of Mixed economy.Mixed economy is one in which both public and private enterprises exist. It combines the features of free economy,planned economy as well as private and public enterprise.

In mixed economy there is control of government and with that it has private concerns also. Government exercises control through various policies like fiscal policies and monetary policies. In this example state ownership as well as private competitors co exist.

7 0
3 years ago
Rivalry-related competitive pressures are being intensified by the efforts of rivals to expand their product lines and offer wid
VARVARA [1.3K]

Answer:

True

Explanation:

The pressure that are competitive are considered to be intensified via the competitors efforts in order to diversify the product lines and the other things at the wider area that wore the performance based yoga and the apparel related to the fitness

So as per the given statement, the statement is true

hence, the option a is correct

8 0
3 years ago
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