Scarcity is the fundamental challenge that all individuals and nations must confront. Everyone faces some limitations, so we all have to make choices where we limit or allow ourselves to something.
Economists generally recognize four types of economic systems traditional, traditional, command, market and mixed.
A traditional economic system is shaped by tradition. The work that people do, the goods and services they provide, how they exchange resources… all tend to follow a pattern. The traditional system is bad at addressing scarcity because scarcity is formed off of new requirements people have through the ages and a traditional system would not evolve just as our requirements would.
In a planned economy, the government controls the economy. The state decides how to use and distribute resources. The government regulates prices and wages; it may even determine what sorts of work individuals do.
Socialism is a prime example of a planned economy. Socialism does not work because it is not consistent with the fundamental principles of human behavior. The failure of socialism in countries around the world can be traced to one critical defect: it is a system that ignores incentives.
Market economies allow all economic decisions to be made by individuals. The unrestrained interactions between individuals and companies in the marketplace determine what happens to all the good and resources.Individuals choose how to invest their personal resources and individuals decide what to consume. Within a pure market economy, the government is entirely absent from economic affairs.
A mixed economic system combines elements of the market and command economy. Many economic decisions are made in the market by individuals. But the government also plays a role in the allocation and distribution of resources.
If scarcity is looked at on a macro level, the best economic system is mixed because it allows the government to also plays a role in the allocation and distribution of resources, while the individuals still stay happy because they have some control. The only problem is the eternal question of what the right mix between the public and private sectors of the economy should be.
There is no point to look at it on a micro level because almost no country is small enough to be considered on that level.
Answer:
what became known as the “long, hot summer” of 1967, injustice stemming from the frustrations of poverty and unemployment, the systematic denial of employment opportunities by white-owned businesses and city services by white-led municipal governments, and mistreatment by white or mostly white police forces led to explosive confrontations between black residents and the forces that oppressed them. The deadliest and most destructive riots took place in Newark, New Jersey, and Detroit, Michigan. However, even smaller cities, such as Cambridge, Maryland, experienced unrest. What follows are brief sketches of the violent episodes that gripped each of these cities during the summer of 1967.
Explanation:
The labor market changed radically. Peacetime conflicts concerning race and labor took on a special dimension because of the pressure for national unity. The Hollywood film industry was important for propaganda. Every aspect of life from politics to personal savings changed when put on a wartime footing. This was achieved by tens of millions of workers moving from low to high productivity jobs in industrial centers. Millions of students, retirees, housewives, and unemployed moved into the active labor force. The hours they had to work increased dramatically as the time for leisure activities declined sharply.
The best option fro the list would be that "<span>A. Both eras were strongly influenced by civilization that became "superpowers," since during the Classical Era this was mostly Greece and Roma, while in the Modern era it would be the United States and Russia. </span>
