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
Marina CMI [18]
3 years ago
14

How does scarcity relate to tradeoffs?

History
1 answer:
maria [59]3 years ago
6 0
Scarcity is what forces you to make trade-offs. Suppose you have an economy that produces and consumes 2 products, A and B. In a world without scarcity, you have enough resources (land, machinery, raw materials, manpower) to produce as many of each product as you need/want. However, in a world with scarcity, you have a limited amount of production resources. You can produce, let's say, 10 A products or 10 B products, or a combination of both products with less than 10 products each. For every additional A product you produce (up to the max of 10), you have to produce less B products. This is a trade-off.
You might be interested in
Who were the winners and losers from the exploits of companies like the VOC?
Anuta_ua [19.1K]

Answer:

The winners were the ship owners, business people, and the Dutch people generally.  They profited so much from their exploits of the local Indians by occupying their lands, buying goods, especially spices, at cheap prices, and selling at highly profitable prices.  The riches of the Netherlands can be attributed to the activities of companies like the VOC.

Civilization is another major winner.  The operations of companies like VOC was a necessary evil that opened up the world to myriads of technological advancements and civilization, bringing in Christianity for the salvation of souls.

The ostensible losers were the local Indians and West Africans who were transported across the Atlantic as slaves.  The psychological defeat entrenched by foreign occupation and in slavery had not waned till today.  

But, there is no longer the need to regret the past.  Those whose lands were occupied and those enslaved should come to terms with the extant facts and move forward doggedly.  Afterall, they also profited by being unchained from cruel traditions like the killing of twins.  In addition, many have embraced Jesus Christ, the way to the Father God.

Explanation:

Using such companies as the VOC (Verenigde Oostindische Compagnie in Dutch), the Dutch challenged the dominance of the Portuguese in International Trade and Slavery.  The VOC was created in 1602 and lasted till 1800 with its main purpose as trade (both in goods and humans), exploration of natural resources, and colonization of indigenous peoples.

6 0
2 years ago
Which Allied leader is described below? His peace plan for World War I was called the Fourteen Points. He believed Germany had t
bonufazy [111]
Woodrow Wilson is the Allied leader that is described as His peace plan for World War I was called the Fourteen Points. He believed Germany had to be punished for its role<span>in World War I, but in a way that would lead to European reconciliation as opposed to revenge. He proposed the formation of a League of Nations.</span>
6 0
3 years ago
Read 2 more answers
Why do citizens have a responsibility to participate in matters of the government?
slamgirl [31]

It's part of your civil dutie as a citizen and It is the law for people to actively contribute to society.

5 0
3 years ago
Read 2 more answers
Marking brainliest <br><br> What can we do to protect blacks in society since they get killed?
aliya0001 [1]
The best we can do is speak up, don’t let people shut you down and most of all BE EQUAL SEE EVERYBODY AS EQUAL
4 0
2 years ago
How was the organization of the government under the United States Constitution different from the system under the Articles of
borishaifa [10]

Answer:

The Constitution was different from the Articles of Confederation in many ways. The Constitution gave our federal government more power, so it could sufficiently run. Under the Articles of Confederation our government was uni-cameral; the Constitution changed it to bi-cameral (House of Representatives and Senate). The US Constitution also created a court system which was previously not existing in the Articles of Confederation. Our constitution has enable to protect the rights of the citizens.

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • The ancient civilization of zapotec developed in which current state of mexico? durango jalisco oaxaca zacatecas
    11·2 answers
  • 80 of 6th power is?​
    15·2 answers
  • Exit in the 1920s, why did african americans move away from the southern united states to the big cities of the north?
    7·1 answer
  • How do candidates for public office, especially at the state and national level, use the media to get elected?
    14·2 answers
  • Please try to air out the room. Which word is the adjective ?
    11·1 answer
  • Many countries shipped enslaved women, men, and children to the Americas. Who did most of the actual enslaving in Africa?
    11·1 answer
  • 2. What country introduced Buddhism and Confucianism to Korea?
    14·1 answer
  • Can someone help me with this? Picture is above‼️
    8·1 answer
  • What was President Lincoln doing when he was shot and killed?
    12·2 answers
  • The 14th Amendment did away with what law​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!