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HACTEHA [7]
3 years ago
15

Economics is not based on scarcity. True or False

History
2 answers:
musickatia [10]3 years ago
5 0

Answer: True

Explanation:  Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

soldier1979 [14.2K]3 years ago
3 0

Answer:

true

Explanation:

Hope this helps.   :)    :D

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The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The English challenged Spanish sea power although the Spaniards were known to have the best navy of the time. What Queen Elizabeth did in 1587 was to name Lord Howard of Effingham to lead the English navy against the Spanish armada. The English nobility accepted the movement and decided to back Effingham as the leader of the British navy. He had the knack to be able to listen to more experienced voices to make decisions, as was the case of his vice-admiral Sir Francis Drake, who really was a renowned sailor.

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HOPE THIS HELPED!!! XD

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