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
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.

You might be interested in
Stallman Company took a physical inventory on December 31 and determined that goods costing $275,260 were on hand. Not included
Tpy6a [65]

Answer:

Inventory at year-end: 344,000

Explanation:

The inventory should add the purchased goods from Pelzer as the possesion is transfer at shipping point.

The sales units to Alvarez should also be included as teh transfer is not complete yet. The term on this transaction are at destination.

Total inventory in transit: 28,940 + 39,800 = 68,740‬

on hand:   $   275,260

in-transit:  $<u>     68, 740  </u>

Total:         $  344,000

5 0
3 years ago
_____ leadership seeks information, opinions, and preferences, sometimes to the point of meeting with the group, leading discuss
never [62]
The democratic style of leadership seeks information, opinions, and preferences, sometimes to the point of meeting with the group, leading discussions, and using consensus <span>or majority vote to make the final choice.</span>
4 0
3 years ago
What is an economic and non economic activity explain me in short and give one example each​
Sonbull [250]

Answer:Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.

Explanation:

4 0
3 years ago
Read 2 more answers
John invested $12,000 in the stock of Hyper Cyber. Eight years later, Hyper Cyber's shares reached $125,000, but John held onto
Nata [24]

Answer:

B. $12,000 is a sunk cost

Explanation:

By considering the given information, the cost that is correct is a sunk cost for $12,000

The sunk cost is the cost already incurred and will not be retrieved in the future. Plus, it's also termed a past cost.  

It is a useless cost and it can be avoided also.  

It is that cost that is not considered at the time of decisions making.

So, option B is correct

5 0
3 years ago
Read 2 more answers
Select the education or qualification that is best demonstrated in each example. Freda interviews a famous local athlete on a te
Usimov [2.4K]

Answer:

communication skills

bachelor's degree

planning and organizational skills

research skills

Explanation:

8 0
4 years ago
Other questions:
  • The commercial for-profit segment of the food-service industry is very narrow. true or fasle
    7·1 answer
  • In economics, what is logrolling?
    10·1 answer
  • Using the Du Pont method, evaluate the effects of the following relationships for the Butters Corporation. a. Butters Corporatio
    11·1 answer
  • The risk-free rate of return is 8%, the expected rate of return on the market portfolio is 15%, and the stock of Xyrong Corporat
    6·1 answer
  • Jean Piaget's use of the term "operational" is most aligned with the concept of ________.
    7·2 answers
  • Who wants to have their paper proofread for free?
    9·1 answer
  • The beginning capital balance shown on a statement of owner's equity is $100,000. Net income for the period is $50,000. The owne
    8·1 answer
  • Which of these statements is true regarding women in the united states workforce?
    7·1 answer
  • What step is most important for sellers to focus on.
    7·1 answer
  • From the following examples, which one correctly defines a leader?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!