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
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.

You might be interested in
According to the standard model, all known matter consists of quarks and leptons that interact by exchanging bosons, which trans
Sav [38]

Answer:

False i believe

Explanation:

7 0
3 years ago
How did England acquire the Dutch colony that separated it's other colonies?
Semenov [28]
James, Duke of York sent warships and the Dutch surrendered immediately.
3 0
3 years ago
Read 2 more answers
1. Which describes why the Declaration of Independence was written? (3 points)
olga55 [171]
A is the correct answer
I did this in class last week
5 0
3 years ago
The __________ is the longest river in Central Asia.
Contact [7]

Answer:

Syr Darya

Explanation:

With a length of 1,374 miles (2,212 km)—1,876 miles (3,019 km) including the Naryn—the Syr Darya is the longest river in Central Asia, but it carries less water than the Amu Darya.

6 0
3 years ago
Read 2 more answers
The Cold War was between which two world powers?
HACTEHA [7]
B. The United States and USSR
3 0
3 years ago
Other questions:
  • Considering the context, can you speculate what those americans who supported the vietnam war said?
    6·1 answer
  • How is beolwolf described
    8·1 answer
  • Got in birds printing press was not the starting point for modern history true or false
    5·2 answers
  • German people accepted Nazi atrocities in the beginning because these actions were “the Fuehrer’s will.” True False
    10·1 answer
  • 1. What do you think Dr. Martin Luther King, Jr. meant by, "a riot is the
    11·1 answer
  • Which of these laws was enacted to protect Maryland's Catholics?
    6·1 answer
  • 20. The US tried to jusoy their colonze<br> They were preparing the natives for independence -
    6·1 answer
  • Towns Along the
    6·2 answers
  • What destroyed the Roman economy during<br> the 3rd century
    10·1 answer
  • In aryan culture what are vedas
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!