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
Alexandra [31]
3 years ago
8

Explain (in economic terms) the difference between scarcity and shortage.

Social Studies
2 answers:
maks197457 [2]3 years ago
8 0

Answer:

Scarcity is used to refer to the idea that, overall in the world, there are not enough resources to meet humans’ unlimited needs and wants.  Scarcity is an on-going condition.  Shortage, on the other hand, refers to a situation caused by an imbalance in supply and demand.  A shortage occurs when producers are not willing or able to supply as much as consumers demand.  A shortage can last a long time or a short time, depending on how long it takes for supply and demand to come into balance.

Explanation:

drek231 [11]3 years ago
3 0
Scarcity is a naturally occurring limitation on a resource that can’t be replenish. A shortage is the short term version of that where the item can be reproduced.


Hope this helps :)
You might be interested in
Why do members of the House have smaller<br> districts?
luda_lava [24]

Answer:

for representatives to be more involved and aware of issues that are important to voters in their particular district

Explanation:

Issues in United States generally can be divided into three scales : National level, state level, and local level.

Members of the house of representatives were established to represent the interest of the people in local levels. The decisions that they make will directly affected the live of people in one particular district . (such as decisions on which local infrastructures should be built, how local public schools will use the funding, etc).

For this reason, members of the House need to be aware of the issues that happen locally in order to represent them properly. This is why members of the house have smaller districts compared to the Senate.

8 0
3 years ago
Why are social groups important in society?
Lorico [155]
They are important because it is proven that everyone needs someone to talk to. There should be someone to talk to you if you need it. 
8 0
3 years ago
In 2005,___of an adult americans were overweight and obese
mamaluj [8]

<em>The answer is</em> <em>nearly 172 million people</em>.


National Center for Health Statistics reported in 2005 that the American Adult Population had a proportion of:

  • 32,7% Overweight (BMI > 25),
  • 34,3% Obese (30<BMI<40)
  • 5,9% Extremely obese (BMI>40)

BMI = Body Mass Index

If we add all of them we obtain 72,9%

The total population in 2005 in USA was 295.500.000 people

The percentage of adult people (>15 years old) was 80%.

If we multiply:    0,729 x 0,80 x 295.500.000 people

we obtain a resulting value of  172.335.600 people.

3 0
3 years ago
Read 2 more answers
The bering land bridge is the strip of land that connected
musickatia [10]

Answer:

B. Asia

Explanation:

According to https://www.scientificamerican.com/article/first-americans-lived-on-bering-land-bridge-for-thousands-of-years/, the Bering Land Bridge between Asia and North America's ancestors lived for 15,000 years until the last ice age ended. Hope this helps! Feel free to correct me if I'm wrong.

7 0
3 years ago
Read 2 more answers
Please answer fast!<br><br> Recall<br> 2. For what reason(s)<br> might this be used?
notsponge [240]

Answer:

here is the answer:::::::::::::::determines that a vehicle, equipment, car seat, or tire creates an unreasonable safety risk or fails to meet minimum safety standards. Most decisions to conduct a recall and remedy a safety defect are made voluntarily by manufacturers prior to any involvement by NHTSA.

Explanation:

hope it helps!!! if not let me know!!

8 0
3 years ago
Read 2 more answers
Other questions:
  • Please help, will give brainlist.
    7·1 answer
  • Why is percival's revelation that the beast comes from the sea frightening?
    10·1 answer
  • The development of India was marked by thriving creativity in the fields of art, science, literature, and astronomy under the re
    5·2 answers
  • Free 98 pionts
    13·2 answers
  • Kevin, nearing 30 years old, is pondering his life during a conversation with his mother. "i just want to be happy when i'm old,
    9·1 answer
  • What lead to the renaissance?
    6·1 answer
  • ¿Como se llaman las sustancias de que estan formados los huesos?
    10·1 answer
  • Based on the sources and your knowledge of social studies, describe and analyze the motivations of the colonists in their fight
    15·1 answer
  • ¿que es para ti la navidad?
    10·1 answer
  • What activity is it the primary function of islamic religious architecture to support?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!