<span>The occupation of physician is more highly valued than that of bus driver and requires much more sacrifice in terms of education and training. This lead to only a handful of people could become a physician but many more could took the job as bus driver.
Since the physician is significantly 'rarer' and harder to train compared to bus driver, society reward the job with higher pay.</span>
Answer:
4. people must make trade-offs.
Explanation:
Scarcity is the shortage of supply with respect to demand. It arises due to unlimited wants contrasted with limited resources - having alternative uses.
Scarcity : Demand > Supply
This leads to trade off (sacrifise) of something to attain anything, since the limited resources are short of unlimited wants & have alternative uses.
Eg : Having fixed money income (analogous to resources) & many commodities in consumption basket (analogous to wants); if one commodity is gained - it would be at the cost of sacrifising (trade off) some other commodity.
<span>A basic savings account is a type of account that typically has a very high liquidity, low or no interest, and low minimum balance. Although it only has low interest rates, you can easily check your balances or the amount you have. </span>
Answer:
Canals are also used to transport water for irrigation and other human uses. In California the water supply situation has been relatively unstable
Explanation:
