Answer: Rightly so, every place experience scarcity or shortages of some sort.
Scarcity can be defined as a lack or deficiency of something. It is a situation whereby something that is readily available is in an inadequate amount.
West Africa, Nigeria, one of the scarcity experienced here is electricity.
In Nigeria, about 40,000 megawatts is needed to sustain the basic population but only about 5,000 megawatts is readily available, that is just 12.5% of the total needed. This a clear definition of scarcity.
Answer:Sales tax is a mandatory amount that the government charges on items purchased by consumers and businesses. ... The formula for calculating the sales tax on a good or service is: selling price x sales tax rate and when calculating the total cost of a purchase, the formula is: total sale amount = selling price + sales tax
Explanation:skraghit from google.
Answer:
A. Banks will increase the interest they charge for loans and increase the interest they
pay out for deposits.
Explanation:
If the Fed raises interest rates, it increases the cost of borrowing, making both credit and investment more expensive. This can be done to slow an overheated economy
