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Sonbull [250]
4 years ago
5

How does scarcity affect what gets produced

Computers and Technology
1 answer:
AveGali [126]4 years ago
5 0
Determining Ways That Scarcity Affects<span> the Choices </span>Made<span> by Governments and Individuals. Making economic choices </span>is<span> another way of dealing with </span>scarcity<span>. ... Economic decisions involving </span>production<span> are likely to be based on tradition; families </span>produce<span> what they need, and may use excess </span>production<span> to trade.</span>
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The advantage of this method is that it basically increases the awareness among all the public so that they can easily report the information and improve the data management.  

Therefore, Option (C) is correct.

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ZanzabumX [31]

Answer:

The right answer is option (A).

Explanation:

There are mostly 4 main factors of production i.e. land, labor, capital, and entrepreneurship. These all can be termed as inputs into the production process.

Hence, the most appropriate answer is option (A).

While the other options are wrong because of the following reasons:

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  • Option (C) shows the concept of mathematical calculation which is also not the factor of production.
  • Option (D) shows the concept of economic inputs and outputs which play a role in production but it is not one of the factors of production.
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3 0
4 years ago
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3 years ago
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