Answer:
Persists because economic wants exceed available productive resources.
Explanation:
According to Lionel Robbins, Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.
The problem of scarcity is that our wants are always beyond what we can produce with our resources.
Economics is the solution to this problem of what resources to use, how best to use them, and when to use them.
Because of this scarcity, all people have to make choices. When making choices, we assess the opportunity cost or the alternative forgone.
The opportunity cost of taking action is what we could have got if we had taken an alternative action.
Answer:
You will have to pay fees and your credit score will decrease.
Explanation:
If you do not make at lest the minimum payments for all your outstanding debts, the lender will probably charge you late payment fees (which can be very expensive), and your credit score will certainly decrease. This will end up increasing your future credit costs and hurt your ability to access them.
<span>All
electric-powered automobiles such as the Chevy spark are in the introductory stage
of their product life cycle. It is made
by the General Motors. The introductory stage is the first of the four product
cycle. Usually in this stage, it has a small market, limited competition and
fairy costly. </span>
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