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

School band members need to raise money for new uniforms. Some members want to sell energy drinks at a football game, but others

Zolol [24]

I believe that the answer is (B) the consumer appeal. I hope this helps. Have a nice day:)

5 0

3 years ago

Read 2 more answers

A baseball pitching coach studies the pitching styles and motions of many individual flesh-and-blood pitchers for years - in liv

ozzi

Answer:

A) True

Explanation:

3 0

4 years ago

Who developed the ideas that contradicted Ptolemy's geocentric model of the universe

Black_prince [1.1K]

The geocentric model was challenged by the heliocentric model (which claimed that the Sun, not Earth, was at the centre of the Universe).

This model was developed by Nicoaus Copernicus, and defended fiercely by Galileo.

3 0

3 years ago

What would we expect to happen if we injected calcium into the presynaptic terminal in the absence of an action potential.

tamaranim1 [39]

Calcium contributes to the slow inward current which dominates the first one hundred- 2 hundred ms of the motion capability and which helps help the plateau. Growing Cao enhances the sluggish inward modern-day and thereby elevates the plateau.

Motion potentials open voltage-touchy calcium channels in excitable cells, main to an inflow of calcium ions. Calcium ions might also control, amongst others, cellular excitability, neurotransmitter release, or gene transcription.

Neurons talk to every other across synapses. whilst an action potential reaches the presynaptic terminal, it causes neurotransmitters to be launched from the neuron into the synaptic cleft, a 20–40nm gap among the presynaptic axon terminal and the postsynaptic dendrite (often a backbone).

Learn more about Calcium here: brainly.com/question/11435897

#SPJ4

8 0

1 year ago

A general requirement for informed consent is that no informed consent may include any exculpatory language. Exculpatory languag

Vlada [557]

Answer:

Taking part in the research is voluntary, but if you choose to take part, you waive the right to legal redress for any research-related injuries.

Explanation:

Another example is:

I waive any possibility of compensation for injuries that I may receive as a result of participation in this research.

5 0

3 years ago