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
Montano1993 [528]
3 years ago
14

Using four or more sentences, summarize the concept of relative scarcity.

History
1 answer:
andre [41]3 years ago
8 0
Scarcity is the base unit of economics. If people didn't desire things then there would be no scarcity or reason to produce things. Anything that is not a free good (air, water, dirt etc...) is considered relitavely scarce. Diamonds are relatively scarce but you can get them if you want them they just cost more than you might perfer. Scarcity is inherent but almost all relative. As long as price is allowed to ration the goods then the scarcity will be relative compared to other things. One of a kind art works are truly scarce since there is only one and no matter the cost you can't get a second one only another origional.
You might be interested in
What was the difference between Vaisyas and Sudras?
goldenfox [79]

Answer:

>Vaishyas (originally peasants but later merchants), and Shudras (artisans and labourers).

Explanation:

5 0
3 years ago
9. Which of the following nineteenth-century inventors is associated with Menlo Park in New Jersey?
Lubov Fominskaja [6]
<span> The following are the answers to the questions posted. 9.D 10.B 11.D 12.D 13.B => at first, Lincoln proposed 10% but he felt it will cause  issues with the South rejoining the Union. 14.D 15.B 16.C. =>  McClellan was running as a Democrat securing the Southern votes.  17.D 18.B 19.A => Lincoln is a Republican. He defeated John C. Breckinridge, Democrat Stephen A. Douglas, the candidate  of the Constitutional Union, John Bell, who are Sounthern Democrat. 20. A</span>
7 0
4 years ago
Read 2 more answers
GETS BRAINILIST!!Which of the following should be included in a family communication plan? A directory of relatives' phone numbe
FromTheMoon [43]

Answer:

A directory of relatives' phone numbers

Explanation:

4 0
3 years ago
Read 2 more answers
The federalist papers
Jlenok [28]
C.
The federalist papers were written by Hamilton, Madison and John Jay<span />
8 0
4 years ago
The movable type printing press was invented by
Elena-2011 [213]

Answer:

Gutenberg

Around 1450 Johannes Gutenberg made a mechanical metal movable-type printing press in Europe, along with innovations in casting the type.

3 0
3 years ago
Read 2 more answers
Other questions:
  • What was Eisenhower’s approach to foreign affairs?
    8·2 answers
  • the declaration of independence states freedom, equality, and importantly life, liberty, and the pursuit of happiness. how did t
    7·1 answer
  • What similarities are between different versions of the golden rule? Explain your answer in a short paragraph
    7·1 answer
  • How did the south and north react to the lincoln douglas debate .
    15·1 answer
  • What social impact did the total war have on unions and workers and women?
    9·1 answer
  • In the United States, strong patent and copyright laws prevent rival companies from making imitation or ‘knock-off’ versions of
    12·2 answers
  • The assembly line was perfected by
    13·2 answers
  • Explain the importance of tariff policies in the Republic of Texas.
    14·1 answer
  • The graph shows the spread of railways in the 1800s. Line graph of the spread of railways in selected countries by thousands of
    8·2 answers
  • Can someone pls help i’ll give brainlist
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!