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inna [77]
3 years ago
6

Within economics, the theory of scarcity says that there are unlimited wants and a finite amount of resources. However, history

has demonstrated the power of productivity to overcome the theory of scarcity. What is the economic practice responsible for overcoming scarcity?
Business
1 answer:
nika2105 [10]3 years ago
8 0

Answer:

According to the economists, the resources are scarce and human wants are unlimited. So, it is difficult to satisfy each and every want of people. But according to the theory of abundance, we can overcome from this problem by division and specialization of labor. If there is a proper division of labor according to their specialization then this will increase the productivity and one can produce more goods with the same level of resources.

From this economic practice, we can overcome from the problem of scarce resources.

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What tends to cause structural unemployment?<br> Economics
Yuri [45]

Answer:

Structural unemployment occurs because workers lack the requisite job skills or live too far from regions where jobs are available and cannot move closer. Jobs are available, but there is a serious mismatch between what companies need and what workers can offer.

Explanation:

4 0
3 years ago
You have been asked to create a code of ethics for the staff of a school paper to follow. Create a list of 10 rules based on the
Daniel [21]
Thank you for coming to Brainly with your questions :)

Here's my answer:

1. No hurtful gossip.
2. Stay professional.
3. Do not publish anything untruthful.
4. Work together as a team.
5. Meet all deadlines on time. 
6. Be accountable.
7. Avoid stereotyping, including race, ethnic, gender, sexuality, etc.
8. Be careful when it comes to what is published.
9. Do not publish anything that is misleading.
10. Support others views besides their own.


I hope this helps you. Please mark Brainliest :) Lemme know if I can do anything else to help you.

-Belle
7 0
3 years ago
If a country has a trade surplus, then the country Group of answer choices imports as much as it exports imports more than it ex
tekilochka [14]

Answer:

exports more than it imports

Explanation:

Trade surplus is when export exceeds import.

Export is the sum total of goods and services sold to other countries. For example, if clothes are sold to China, it constitutes export.

Import is the sum total of goods and services bought from other countries. If a laptop manufactured in China is sold to someone in the US, this is import

Trade deficit is when a country imports more than it exports

4 0
3 years ago
All of the following statements are true EXCEPT:_________.
ale4655 [162]

Answer:

D. the demand for Nike running shoes is less elastic than the demand for shoes.

Explanation:

In this the substitutes would be more for the particular brand rather than the normal running shoes. Since the demand of running shoes might be less elastic as compared to the demand of nike running shows because the consumer shifted from the nike to other brand that are popular. Plus, the elasticity of demand for running shoes is considered to be inelastic as there is many subsitutes

So, the option d is correct

6 0
3 years ago
The town of Millbridge has just agreed to pay a pension for the town clerk. The pension will be $40,000 per year for the next 20
Mekhanik [1.2K]

The amount that must be put aside now is $458,796.85.

<h3>How much should be put aside now?</h3>

The first step is to determine the future value of the annuity:

Future value = yearly payment x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

  • r = interest rate = 6%
  • n = number of years = 20

$40,000 x [(1.06^20) - 1] / 0.06 = $1,471,423.65

Now, determine the present value of this amount:  $1,471,423.65 / (1.06^20) =$458,796.85

To learn more about present value, please check: brainly.com/question/26537392

4 0
2 years ago
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