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
prisoha [69]
3 years ago
10

The scarcity problem:- Persists only because countries have failed to achieve continuous full employment.- persists because econ

omic wants exceed available productive resources.- has been solved in all industrialized nations.- has been eliminated in affluent societies
Business
1 answer:
ladessa [460]3 years ago
3 0

Answer:

Persists because economic wants exceed available productive resources.

Explanation:

According to Lionel Robbins, Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

The problem of scarcity is that our wants are always beyond what we can produce with our resources.

Economics is the solution to this problem of what resources to use, how best to use them, and when to use them.  

Because of this scarcity, all people have to make choices. When making choices, we assess the opportunity cost or the alternative forgone.

The opportunity cost of taking action is what we could have got if we had taken an alternative action.

You might be interested in
You own shares in a well-managed and diversified company. If a bustling economy increases investors' concerns about market risk,
Soloha48 [4]

Answer:

C. Increase

Explanation:

A bustling economy will make individuals want to take advantage of the opportunity. It’s however normal for prices of a good or service to increase when there is a huge demand for it.

In this case there was a boom in the economy which means the price of the shares he owns in the company will increase.

3 0
3 years ago
Which term identifies the occurrence of the system denying access to someone who is actually authorized?
timama [110]
False negative is the term identifies the occurrence of the system denying access to someone who is actually authorized. It is the inability of a network device to detect real security events under circumstances.  Therefore, not detecting or alerted by any malicious activities. 
5 0
3 years ago
8.
siniylev [52]
<span>"D. job-specific training" I believe...</span>
5 0
2 years ago
supply chain management: group of answer choices is based on the concept of just-in-time focuses on removing scheduling bottlene
Zarrin [17]

Just-in-time manufacturing is the foundation of supply chain management.

<h3>Describe the meaning of supply chain management?</h3>

It is possible to describe supply chain management as the effective and efficient management of the flow of goods and services as well as all industrial processes involved in converting raw materials into completed items that satisfy consumers' unquenchable want and demand.

In general, supply chain management includes all of the tasks involved in organising, carrying out, and delivering finished products and services from producers to customers. Through the use of an effective inventory system, it is a management framework that is focused on reducing production costs while boosting efficiency between suppliers and customers.

To know more about supply chain management visit:

brainly.com/question/12277905

#SPJ1

7 0
1 year ago
What can you conclude about the relationship between the slope of the demand curve above and its elasticity?
NemiM [27]

Answer:

By definition, the price elasticity of demand equals the percentage changes in the quantity demanded divided by the percentage changes in the price. There is an opposite relationship between the demand elasticity and the slope of the demand curve.

6 0
3 years ago
Other questions:
  • K-Too Everwear Corporation can manufacture mountain climbing shoes for $33.18 per pair in variable raw material costs and $24.36
    10·1 answer
  • During 2018, Hardy Merchandising Company purchased $40,000 of inventory on account. Hardy sold inventory on account that cost $2
    5·1 answer
  • Jenna would like to work as a computer programmer. While in college, Jenna worked in a bookstore, where she eventually moved up
    6·2 answers
  • To become an architect, you need six years of education. To become a physical therapist, you need two years of education. Which
    11·2 answers
  • Ulysses S. Grant appears on the front of which denomination of US. currency?
    15·1 answer
  • The advanced industrial nations of the West committed themselves after World War II to removing barriers to the free flow of goo
    14·1 answer
  • What is a bank??????????
    15·2 answers
  • What is the maximum total depreciation deduction that Chaz may deduct in 2020?
    6·1 answer
  • Adam was found to have used his license to procure insurance for relatives and it was also discovered that he was issuing rebate
    7·1 answer
  • is seeking a new supplier for the wool it uses to line its jackets. the company has just invited three different wool suppliers
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!