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3 years ago

A basic concept in economics is that all resources are scarce. Allocated. Valuable. Renewable.

Business

2 answers:

DIA [1.3K]3 years ago

7 0

A basic concept in economics is that all resources are scarce.

<h3><u>Explanation:</u></h3>

There are wants, needs and desires that are unlimited in nature with respect to humans. Resources are very essential for the survival of human beings. The distribution of these scare resources is studied by the Economics. Free goods refer to those goods that come without any cost associated with that.

The resources that are available naturally is scarce because there are only finite quantity available for the utilisation. Some of the examples of scarce resources include raw materials, workers, etc that are very essential for the production of the scarce goods.

maksim [4K]3 years ago

3 0

Answer: scarce

Explanation: edg 2020

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The fundamental economic problem is meeting people’s virtually unlimited needs and wants with limited resources.Question 3 optio

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Answer:

The correct answer is: True.

Explanation:

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4 years ago

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4 years ago

Eastern Inc. purchases a machine for $15,000. This machine qualifies as a fiveminusyear recovery asset under MACRS with the fix

GaryK [48]

Answer:

The answer is given below;

Explanation:

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Depreciation year-3 (15,000*19.2%) ($2,880)

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3 years ago