The impact of scarcity on economic decision making is that it can limit the choices of the consumer in the economy.
when products and resources become less available then there would be scarcity which will affect the decision of the consumer.
<h3>How does the scarcity of resources affect the decision making of the consumers?</h3>
Scarcity as a key concepts of economics can affect the choice of the consumer because it will limit their choices in making decision.
Therefore this will make them to make their choice out of the limited resources to meet their basic needs.
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Answer:
selling Treasury bills, which decreases bank reserves.
Explanation:
The federal government on attempt to increase the federal funds can decide on selling treasury bills.
When the treasury bill is sold, it will affect bank reserves, the effect it will have on bank reserve will lead to decrement on the bank reserves.
Once there is a decrement in the bank reserve, after the treasury bill has been sold, this will lead to an increase on the federal funds.
Explanation:
Hunting-Gathering societies.
Horticultural societies.
Agrarian societies.
Industrial societies.
Post-industrial societies.
unequal access to basic services amounts to social injustice because certain essential services are a prerequisite for living a decent life. It is vital to have access to items like housing, food, water, transportation, power, and other necessities of life. When particular individuals or communities lack access to these fundamental services, the outcome is likely to be either extreme poverty or death.
There are more than enough resources in the globe today to support every human on the planet, thanks to its abundance. However, due to the effective cost and the loss of profit brought about by the amassing of wealth and resources along with the idea of doing things for profit, individuals will no longer have access to these essential services. With $20 billion, homelessness in the US could be eradicated. Forty billion dollars could end world hunger. addressing these
Police brutality, educational inequity, and employment discrimination are a few examples of social injustice. Minorities and marginalized socioeconomic groups, such as the poor and members of minority ethnic groups, are the ones most vulnerable to it. Social injustice can harm anyone, but some of its main causes include racism, economic disparity, and class prejudice. Social injustice is when members of one group receive preferential treatment over members of another group due to that group's wealth, influence, or authority.
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It will increase group productivity..
