Answer:
Scarcity as an economic concept "... refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good ... ."[1] If the conditions of scarcity didn't exist and an "infinite amount of every good could be produced or human wants fully satisfied ... there would be no economic goods, i.e. goods that are relatively scarce...
You need to put what all the following are or I can't help.
The Compromise of 1790
The Compromise of 1790 was a compromise between Alexander Hamilton and Thomas Jefferson with James Madison where Hamilton won the decision for the national government to take over and pay the state debts, and Jefferson and Madison obtained the national capital (District of Columbia) for the South. Hamilton's plan was to retire the old depreciated obligations by borrowing new money at a lower interest rate.
