1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Viefleur [7K]
3 years ago
7

Summary and reflection ....how can we manage the problem of scarcity ?

Business
2 answers:
Effectus [21]3 years ago
7 0

The main thing we can do to manage the problem of scarcity is to not overspend.

Scarcity happen when the number of demand in our society heavily outnumber the amount of  resources available. By observing our consumption behavior today, we will notice that a lot of people spend money to buy more goods or services that they actually need.

If we control this overspending behavior, not only people who overspend can save some of their money, there will be a lot of goods/services left for other people.

maksim [4K]3 years ago
3 0

Answer:

There are three, and only three, options for society to deal with scarcity, and all societies must deal with scarcity because there are limited resources and unlimited wants.

Those three options are:

  1. <u><em>Economic growth</em></u>
  2. <u><em>Reduce our wants</em></u>
  3. <u><em>Use our existing resources wisely </em></u>

<u><em /></u>

You might be interested in
A total materials variance is analyzed in terms of quantity and quality variances. tight and loose variances. price and quantity
madreJ [45]

Answer:

price and quantity variances.

Explanation:

In Financial accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.

Total direct materials variance gives the difference between the budgeted cost and actual cost of a unit of goods produced.

Generally, a total materials variance is analyzed in terms of price and quantity variances used by a manufacturer in the manufacturing of a particular product.

7 0
3 years ago
Other things the same, as the price level decreases it induces greater spending on a. both net exports and investment. b. net ex
Marina CMI [18]

Answer:

Here the correct option is A) both net export and investment.

Explanation:

When ever there is fall in the price level, it causes a fall in the price of domestic exports to other nations and on the other hand causing rise in price of foreign imports from other nations , so from this it results in the increase in exports and decrease in import of the nation, which leads to increase in net export ( which is export - import ). When there is decrease in price level,  making investment would become cheaper and more investment could be made in the opportunities available.

3 0
3 years ago
When max Webber developed bureaucratic management ?
jeka57 [31]
1905

At the end of the 19th century, it was German sociologist and author of The Protestant Ethic and the Spirit of Capitalism (1905), Max Weber who was the first to use and describe the term bureaucracy. This is also known as the bureaucratic theory of management, bureaucratic management theory or the Max Weber theory.
7 0
3 years ago
Which of the following is a good example of inflation? O A. You work three jobs in order to pay your bills. It cost you $85 to g
BlackZzzverrR [31]

It cost you $85 to gas up your car this month. But last month it cost you $50. This is inflation

7 0
3 years ago
When individuals or groups are in the process of purchasing a company, this action is known as being a stakeholder.?
Anit [1.1K]
Stakeholders are someone or agroup of ppl that are interested in the business
4 0
3 years ago
Other questions:
  • Missoula Inc. reported the following selected financial statement data: Dec 31, 2020 Dec 31, 2021 Cash $ 47,000 $ 57,500 Account
    8·1 answer
  • A walking path at a local park is modeled on the grid below where the length of each grid square is 10 feet. The town needs to s
    8·1 answer
  • The graph shows the percentage changes in the investment rate and the gross domestic product (GDP) between 2008 and 2012.
    15·1 answer
  • One of the eight primary marketing-related reasons for new-product failure is __________.
    5·1 answer
  • When a negative externality exists, the private market produces?
    13·1 answer
  • Amherst City provides a defined benefit pension plan for employees of the city electric utility, an enterprise fund. Assume that
    8·1 answer
  • Century Manufacturing developed the following per-unit standards for its product: 4 pounds of direct materials at $6.40 per poun
    8·1 answer
  • Which of the following statements about cash basis accounting and accrual basis accounting is correct? Multiple Choice
    10·1 answer
  • Name the 3 EXTRINSIC values of a potential job please and thank you :)
    10·1 answer
  • Recall British Consols first issued in 1700s are considered perpetuities. If a British Consol will pay 100 GBP annually starting
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!