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Galina-37 [17]
3 years ago
12

Which of the following BEST describes the main difference between scarcity and a shortage? A. While a shortage is a temporary ma

rket condition, scarcity is an ongoing condition in the world. B. While scarcity is a temporary market condition, a shortage is an ongoing condition in the world. C. Scarcity is found throughout the world, but shortages only occur in wealthy countries. D. Shortages occur everywhere, but scarcity happens only in countries with very high poverty levels..
History
2 answers:
nikitadnepr [17]3 years ago
8 0

Answer:

it's A

Explanation:

just took the unit test and passed with a 100%

andreyandreev [35.5K]3 years ago
4 0

The correct answer is A.

Scarcity is an ongoing condition in the world that affects every single country and person, independently of the level of income. It is referred to the existence of limited resources to satisfy unlimited needs. Therefore it requires decission making processes to rank needs and to direct those scarce resources to cover the ones considered more important. Time is a resource, therefore it does not matter how much money you have, it is impossible to do two activities simultaneously, hence, you have to decide and you are affected by scarcity.

On the other hand, a shortage is caused due to a temporary unbalance in a market, specifically when the quantity demanded by consumers exceeds the quantity supplied by the companies operating on it. The result is that some customers will not be able to buy the product they wanted and that the firms could have made higher profits in they had organized better. Due to this temporary misadjustment, prices of the product will go up and less people would demand the product once it has become more expensive. In the end, market forces will reestablish the equilibrium, where the amounts supplied and demanded are equal.

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the second.

Explanation:

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How was cattle ranching first brought to the Indian Territory? Describe the methods used by the Five Tribes.
frozen [14]

Answer:

After being sent to new land in the Indian Territory because of the Indian Removal Act, the Five Tribes began to place more of an emphasis on ranching. These tribes had used livestock ranching and herding on their old land, but the plains of the Indian Territory were excellent for open-range grazing. The tribes usually shared cattle and land communally. This meant that the tribe held ownership over herds instead of having smaller herds that were owned by individuals. The tribes began to create ranching and herding operations that would allow them to sell cattle, but the Civil War caused many changes that hindered these efforts.

Explanation:

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3 years ago
Watch this video of US oil company owner T. Boone Pickens discussing OPEC. Why does Pickens want the United States to be more in
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It is certainly not for altruistic purposes. Although he does have a point about the fact that energetic independence would boost American security by avoiding trade with brutal, dictatorial regimes as Islamic Saudi Arabia, Iran or other totalitarian regimes which provides them with funds; Pickens is mainly interested in furthering his own interests with regards to his own economic stakes in the fracking industry of shale gas and oil.

He also wants demand of oil and other fossile fuels to be reduced so thattheir prices go up, increasing his profit margins exponentially. He definitely does not care about the deleterious effects of fracking on the environment.

6 0
2 years ago
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How was wilsons moral diplomacy different than the big stick policy
AlladinOne [14]

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Explanation:

Hope this help happy holidays! :D

5 0
2 years ago
Shoppersmart sells backpacks for $0.57 less than Multi-mart. If p represents the price for backpacks at Shoppersmart, what is p?
Likurg_2 [28]

<em><u>Question:</u></em>

Shoppers mart sells backpacks for $0.57 less than Multi-mart. If p represents the price for backpacks at Shoppers mart, what is p?

The price of multi mart is $ 15.35

A. $15.92

B. $14.86

C. $14.78

D. $13.72

<em><u>Answer:</u></em>

Option C

Price of backpacks at Shoppers mart "p" is $ 14.78

<em><u>Solution:</u></em>

Let "p" be the price of backpack at shoppers mart

Price of back pack at multi mart is $ 15.35

Given that Shoppers mart sells backpacks for $0.57 less than Multi-mart

Therefore, we frame a equation as:

Price of backpack at shoppers mart = price of back pack at multi mart - 0.57

p = price of back pack at multi mart - 0.57

Substitute, price of back pack at multi mart = $ 15.35

Therefore,

p = 15.35 - 0.57

p = 14.78

Thus price of backpacks at Shoppers mart is $ 14.78

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3 years ago
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