Scarcity can be defined as the imbalance between what is wanted and what is freely available. - C
If I want a hamburger but there is only one hamburger store in the whole city, this means it is very scarce and hard to find, making it a rare commodity.
Answer:
Option C
Explanation:
In simple words, The phrase authority refers to the governmental legitimacy that confers and explains the dictator's right to use government power; the phrase power refers to the capability to achieve an authorized purpose, either through acquiescence or compliance; thus, authority is the capacity to execute choices.
Thus, from the above we can conclude that the correct option is C.
Answer:
Explanation:
As a result, one firm is able to supply the total quantity demanded in the market at lower cost than two or more firms so splitting up the natural monopoly would raise the average cost of production and force customers to pay more.
Answer:
The slavery questions turned out to be a serious issue in the 1840s and 1850s because the Nation was expanding towards the West. This was one of the dynamic social and economic processes that was going on in the United States as that the time. Slavery was carried into Mississippi, Louisiana, Alabama, and the in the 1840's, it was in Texas. In the 1850's, the issue of slavery expansion became a serious political question.
Explanation:
