James Buchanan served his entire presidency as a bachelor.
The term scarcity in economics refers to the fact that:
a. economic wants are limited and resources are abused
b. even in the riches country some people go hungry
c. no country can produce enough products to satisfy everybody's economic wants
d. it is impossible to produce too much of any particular good or service in a market economy
Im pretty sure the answer is A. true
Buying a car from a private seller is NOT legally better than buying from a dealer, HOWEVER, it is usually financially cheaper. Hope this helps!!! :)
Answer: A: variable cost
A cost that rises or falls depending on how much is produced is variable cost.
Explanation:
Variable cost refers to cost that change in proportion to the amount of goods produced. It increases or decreases depending on the volume of production. It rises as a result of increase in production and fall as a result of decrease in production. Examples are: cost of raw materials, packaging, labour involved in direct manufacturing process and so on.
