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Alex787 [66]
3 years ago
10

What is scarcity? And give one example of scarcity GUYS HELP MEE PLSSSS

Business
2 answers:
Sati [7]3 years ago
3 0
The state of being scarce or in short supply; shortage:

An example is scarcity of rain is drought. 
arsen [322]3 years ago
3 0
Scarcity is when there's a constant need for something, but there's not enough of that something to go around. For example, in some poor African countries, water is scarce because everyone wants and needs it, but there's a very limited amount of it available. 
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Just want to say thank you to everyone on this app thanks to you i passed 7th grade and i know i could not of do it with out you
NNADVOKAT [17]

Answer:

aye congrats on passing!! im doing my finals rn im super stressed lol

8 0
2 years ago
How to convince granter that they should give me a chance?
lisabon 2012 [21]
Try to persuade Chance
5 0
3 years ago
A consumer products company produces inexpensive goods in underdeveloped markets, then repackages them as cost-effective innovat
Ksenya-84 [330]

Answer:

B) False

Explanation:

Glocalization is a term that combines both globalization and localization. It was first used during the 1980s in Japan to define a way of thinking and developing business strategies: think locally and act globally.

Back in the 1980s Japan's economy was booming, it was the second largest economy in the world and Japanese car manufacturers and technological firms were wiping out the competition. This term refers to the western interpretation of Japanese business strategies of that decade, of selling similar but differentiated products everywhere.

E.g. American car manufacturers used to complain that Japanese consumers wouldn't buy their cars in Japan, but they simply had the steering wheel on the wrong side and Japanese consumers were not willing to even try them for that reason.

Luckily, things have changed and American companies also realized that their reality is not necessarily the reality of the rest of the world, and you must adapt your products to different markets.  

5 0
2 years ago
The aggregate demand curve shows the relationship between inflation the price level the money supply interest rates and producti
victus00 [196]

Answer:

The correct answer is option a.

Explanation:

The aggregate demand curve shows the demand for goods and services by the economy as a whole. It comprises of consumption expenditure, government expenditure, investment expenditure, and net exports.  

The aggregate demand curve in the short run is downward sloping because an increase in the price level reduces the real money holdings. It reduces purchasing power. So the amount of expenditures gets reduced as well.

3 0
2 years ago
A college graduate in 1972 found a job paying $7,200. The CPI was 0.418 in 1972. A college graduate in 2005 found a job paying $
11111nata11111 [884]

Answer:

D. Less; Less

Explanation:

Given that

CPI in 2005 = 1.68

Wage in 1972 = 7200

Wage in 2005 = 30,000

CPI in 1971 = 0.418

Therefore,

Real wage in 1972 = wage in 1972/CPI in 1972

= 7200/0.418

= $17,224.88

Real wage in 2005 = wage in 2005/CPI in 2005

= 30000/1.68

=$17,857.14

Thus, from the given data 1972 job paid LESS in nominal terms (7200 < 30000) and LESS in real terms (17,244.88 < 17,857.14) than the 2005 job.

6 0
3 years ago
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