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cricket20 [7]
3 years ago
13

Allie is shopping when she finds a pair of running shoes priced at $90. When Allie uses her debit card to pay, it is declined be

cause her balance is insufficient to cover the cost of the running shoes. Allie's situation best illustrates which economic concept?
Social Studies
1 answer:
rjkz [21]3 years ago
7 0

Answer:

Alliie's situation best illustrates scarcity.

Explanation:

Scarcity refers to the situation when there are unlimited wants and limited resources. In the given scenario, Allie wanted to buy running shoes which cost her $90. However, her debit card was declined because she did not have enough resources (money) to pay for the shoes. Scarcity is a rather common concept which is applied all over the world because people have unlimited wants and limited resources to cover their demands.

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According to the given question, Nate is start learning swimming and he needs improvement based on his efficiency as it is the ability for producing the desirable result by avoiding all the negative circumstances.

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The efficiency is the process that reduce or avoid all the unnecessary resources like physical material and helps in achieving the high result. Therefore, Option (A) is correct.

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Answer:

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