Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.
Scarcity dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs. Some examples of scarcity include: The gasoline shortage in the 1970's. Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity.
Scarcity is simply the concept that human wants (not human needs) exceed the resources available that are necessary to produce the goods used to satisfy those wants. Since economics is the study of how people make choices, without scarcity there would exist no choice and, hence, no economics.
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To find any special information about how to complete a test, the student should (c) carefully read the directions.
There will always be instructions on how to take the test in the test itself. Any unique information will be included in this section. In the study guide, teachers occasionally include instructions on how to complete the test and its format, although this isn't always the case.
In the context of a study guide, a classmate is not always a trustworthy source and cannot be used when taking the test. A study guide does not always contain instructions on how to complete a test. So, given that the test instructions will contain any particular instructions on how to finish the test, option C is the correct answer.
Learn more about how to find special information on completing a test here:
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Answer:
Woman were allowed to vote. The 19th amendment guaranteed the right to all woman, to vote.
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