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.
Scarcity dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs. Some examples of scarcity include: The gasoline shortage in the 1970's. Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity.
Scarcity is simply the concept that human wants (not human needs) exceed the resources available that are necessary to produce the goods used to satisfy those wants. Since economics is the study of how people make choices, without scarcity there would exist no choice and, hence, no economics.
Hope this helps:)
Final answer:
Scarcity is a key concept in economics that refers to having unlimited human wants in a world of limited resources, leading to the necessity of making choices. This condition affects everyone, even the very wealthy, and is why economics is often defined as the 'study of choice.' Decision-making is crucial because resources like time and money are finite.
Explanation:
Scarcity refers to the fundamental economic problem of having seemingly unlimited human wants and needs in a world with limited resources. In economics, scarcity means that the desire for goods and services exceeds the ability to produce them due to finite resources. For any society, the concept of scarcity is central because it involves making choices and therefore necessitates the use of exchanges to allocate resources. As individuals and societies, we are forced to prioritize some needs and desires over others, meaning the choice of one alternative requires foregoing another.
Not even the wealthiest individuals, like Bill Gates or Warren Buffett, are immune to scarcity; they too cannot possess everything they could want. This is because resources, such as time and money, are limited. Even if one could afford more, the time to enjoy these resources is constrained. The scarcity of resources like time and money illustrates why decision-making is an essential part of life.
The concept of scarcity is so fundamental that economics is often defined as the "study of choice." It challenges us to make decisions that involve picking certain activities and rejecting others. According to Economist Thomas Sowell, "The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it..." It's the universal condition that underscores the importance of prioritization and trade-offs in our daily lives.
_____allows you to save for retirement while you defer paying taxes on your eanings.
Answer:
401K
Explanation:
Saving for retirement can qualify you for several different types of tax breaks. Some retirement accounts allow you to defer paying income tax on your retirement savings, while others help you avoid paying tax on any of the investment gains you accrue. ... Contributions to a Roth IRA won't get you an immediate tax break.
Not short and sweet but the answer is above
Answer:Saving for retirement can qualify you for several different types of tax breaks. Some retirement accounts allow you to defer paying income tax on your retirement savings, while others help you avoid paying tax on any of the investment gains you accrue. ... Contributions to a Roth IRA won't get you an immediate tax break.
Explanation:
: Retirement and Savings Plans. ... to its employees, which allows employees to set aside tax-deferred income for ... Money that is working for you, either tax deferred or tax free, within a retirement plan .... You should always _____ over your retirement plans to an IRA when you leave the company.
ASAP!! ;-; TAKING TEST PLZZZ!!!
Public Domain
Look at the graph. What would be an example of a social cost stemming from this data? (5 points)
More deaths mean more disease in the population.
More deaths mean more battles.
More deaths mean fewer national elections.
More deaths mean fewer workers.
Answer:
D.) More deaths mean fewer workers.
Explanation:
Please look to the image attached with this answer.
Hope this helps ya :)
Social cost in neoclassical economics is the sum of the private costs resulting from a transaction and the costs imposed on the consumers as a consequence of being exposed to the transaction for which they are not compensated or charged. In other words, it is the sum of private and external costs.
D. More deaths mean fewer workers.
What is a social cost example?Social cost is the total cost to society. It includes private costs plus any external costs. Example of driving to work. Costs of paying for petrol (personal cost) Costs of increased congestion (external cost)
To learn more about Social cost, refer
https://brainly.com/question/13574768
#SPJ2
Which is not a reason for migration in India today
Answer:
marriage is not the reason for the migration in India
Answer:
Its Border Stability
Explanation:
The last answer someone submitted is wrong
Use the drop-down menus to complete the sentences. Mongolia, Japan, and the creators are largely
The United States, Japan, European nations, individual innovators, and academic institutions drive global innovation. The U.S. leads in technology and corporate innovation, Japan excels in electronics and robotics, while Europe collaborates in multiple sectors.
Various countries and entities, notably the United States, Japan, European nations, individual innovators, and academic institutions, have profoundly influenced global development and innovation.
The United States, particularly Silicon Valley, leads in technology and corporate innovation. Japan excels in electronics, robotics, and automotive industries with a strong emphasis on research and development. European countries collaborate in renewable energy, healthcare, and engineering sectors.
Individual visionaries like Elon Musk drive advancements in space, electric vehicles, and AI, while scientific pioneers, such as Jonas Salk, revolutionize healthcare. Leading academic institutions worldwide, including MIT and Stanford, foster innovation through research and education.
complete the question
"What countries and groups of individuals have significantly contributed to the development and innovation in technological practices? Discuss key regions, companies, innovators, and entities that have played pivotal roles in shaping modern technological advancements."
Key contributors to technological innovation include the US (Silicon Valley), China (Huawei, Alibaba), Japan, South Korea, notable innovators, and leading research institutions worldwide.
Several countries, companies, and individuals have significantly contributed to technological innovation, shaping modern advancements globally:
United States: Silicon Valley in California stands out as a hub for innovation, with companies like Apple, Goo gle, and Tesla leading the tech revolution. Innovators like Steve Jobs, Bill Gates, and Elon Musk have driven transformative changes in computing, software, electric vehicles, and space exploration.China: Rapid growth in tech is seen in companies like Huawei, Alibaba, and Tencent. China's focus on AI, 5G technology, and e-commerce has propelled it into a tech powerhouse.Japan and South Korea: These nations have excelled in consumer electronics, robotics, and advancements in semiconductor technology, led by companies like Samsung, Sony, and Toyota.European Union: Countries like Germany, known for engineering prowess, and institutions like CERN have contributed to advancements in engineering, physics, and collaborative scientific research.Individual Innovators: Innovators such as Tim Berners-Lee (inventor of the World Wide Web), Jeff Bezos (Amazon), and Mark Zuckerberg (Face book) have revolutionized communication, e-commerce, and social networking.Universities and Research Institutions: Institutions like MIT, Stanford, and Oxford have been centers for groundbreaking research in various fields, fostering innovation and technological development.These regions, companies, individuals, and entities have played pivotal roles in driving technological progress, shaping the modern world through innovation, research, and entrepreneurship.
Complete Question:
"What countries and groups of individuals have significantly contributed to the development and innovation in technological practices? Discuss key regions, companies, innovators, and entities that have played pivotal roles in shaping modern technological advancements."
Three common characteristics of hunter-gatherer societies were _____.
Answer:
1. labor was people all together, no exclusion, 2. typically hunter-gatherers were nomadic, and 3. the men would do most of the hunting
:) have a nice day love ❤
Explanation:
The hunter-gatherer lived during the prehistoric time with 90% of the societies living by scavenging and hunting. A few percentage relied on horticulture and crop-farming. They gathered eggs, seafood, nuts since they lived in the forests and woodlands.
Though hunting was also another method of getting food, they did not kill big animal. They only scavenge for animal carcasses after they have by natural death or their prey. Other hunter-gatherer people lived in woodland areas and avoided dense forests increasing scavenging.
Which would not be considered a human activity contributing to the loss of biodiversity on earth??
Answer:
sorry can't help bc you need a answer
Explanation:
Answer:
The answer is B.)Asteroid Impact
Explanation:
All of the other answer choices have been caused by humans.
Humanitarian aid is foreign aid that is mainly used for _____.
Foreign Aid and the U.S.: Select the correct answer from the choices provided.
A. sending military supplies to allied countries at war
B. long-term projects to develop infrastructure, such as roads or hospitals
C. funding international agencies, such as the UN or the Red Cross
D. helping victims of sudden crises, such as a tsunami, earthquake, or refugees of war
Answer:
The answer is D.
Explanation:
Hope this helps! Have a good day<3
Answer:
d
Explanation:
plato
A state that is not subject to the control or power of any other state is considered ________
Answer:
SOVEREIGN.
Explanation:
What do large crystals in this igneous rock tell about the rock
Answer:
U can guess the age by the layers and size
Explanation:
Which of these lists the
rights of all citizens?
A Constitution
B government
ballot
D President
What are roads, scho
parks, and libraries?
A taxes
B courts
C ballots
government
services
Answer: I think it is A, constitution
A. The Constitution lists the rights of all citizens.
D. Roads, schools, parks, and libraries are all government services.
Which Supreme Court case argued that the right to privacy established the right of a woman and her husband to use birth control?
The History of Abortion: Select the best answer from the choices provided.
A. Roe v. Wade (1973)
B. Planned Parenthood v. Casey (1992)
C. Griswold v. Connecticut (1965) D. Poe v. Ullman (1943)
Answer: C
Explanation:
Griswold v. Connecticut (1965)
Answer:
c
Explanation:
what is the most significant advantage of using renewable energy sources?
Answer:you can use it over and over again
Explanation:
Answer:
The most significant advantage of using renewable energy sources is discussed below.
Explanation:
Advantages of renewable energy
Renewable power won't reach out.Sustaining specifications are below.Renewables conserve funds.Renewable energy has various well-being and environmental advantages.Renewables cheaper dependence on imported energy sources.Higher upfront expense.Intermittency.Storage capacities.Witch best describes how banks attract consumers who want to save their money
A. They offer competitive interest rates to consumers depositing money.
B. They only provide loans to consumers who have deposited money.
C. They provide debit cards to consumers who deposit money.
D. They guarantee a percentage of each loan made to every consumer.
Answer: by offering competitive interest rates to consumers depositing money.
Explanation: la la la la la
Banks attract consumers who want to save their money A. They offer competitive interest rates to consumers depositing money.
Competitive interest rates means rates of interest for loans with similar terms charged by private lending institutions in the same area to borrowers of equivalent creditworthiness and access to alternative credit.
Why is it important to know what the interest is?Higher interest rates are often an incentive for individuals to save and invest, in order to take advantage of the greater amount of interest to be earned. As a lender or borrower, it is important to understand how changing interest rates may affect your saving or borrowing habits.
To learn more about Competitive interest rates, refer
https://brainly.com/question/27435168
#SPJ2
The throne was inherited in which kingdom
Answer:
England
Can you show the answer choices
Kingdom: England, was the first inherited main estate
Black and white cartoon. First panel shows a tiny man on a ladder, pulling a large book off a bookshelf. Caption, This little boy would persist in handling books above his capacity. Second panel shows man flat on his back on the floor with book, titled Constitution of U.S., on top of him.
Public Domain
What was the effect of this cartoon in 1867? (5 points)
It demonstrated the weakness of the veto power.
It showed that the president was well equipped for his job.
It emphasized the authority of the U.S. Constitution.
It validated the need for more control of the presidency.
Answer:
It emphasized the authority of the U.S. Constitution
Explanation:
I don't think it would demonstrate the weakness of the veto power because if weakness of something was being shown, the book would not be pinning him to the floor. Also, it doesn't say that he is a president, nor does the picture show he is doing well with handling the book. The book is crushing him, and overpowering him which is why I would say it's the third option. The fourth option doesn't make sense because the image has to do with the Constitution, not the presidency.
Final answer:
The cartoon depicting the man and the Constitution represents the complexities of the U.S. presidency and suggests the need for both a capable president and controls on presidential power, reflecting historical debates over the interpretation and application of the Constitution.
Explanation:
The black and white cartoon is a metaphor for the challenges that come with understanding and applying the Constitution of the U.S.. The depiction of the man being overwhelmed by the book titled Constitution of U.S. symbolizes the immense responsibility and complexity of the presidency. It may also reflect the notion that the president must be well-equipped to handle such responsibilities, as indicated by the text which suggests that the president was well equipped for his job. At the same time, it could imply that there is a need for more control of the presidency to prevent it from becoming too powerful, as suggested in the historical context provided by the reference materials mentioning different perspectives on the size and scope of the national government.
In 1789, the Washington administration and Congress faced the formidable task of enacting the principles of the Constitution in order to demonstrate that a republican form of government could be successful. The Constitution only outlined a basic sketch of the president's responsibilities, leaving much to be interpreted and implemented by both the president and Congress. Over time, as seen in examples like Roosevelt's presidency and the subsequent concerns over presidential power, the balance of interpreting and applying the Constitution has been an ongoing process of negotiation and adaptation.
The Constitution was designed to be a living document, capable of evolving with the nation, but with a system of checks and balances to prevent any one branch from becoming too dominant. This delicate balance is critical to ensure that the presidency remains a position that is both powerful enough to be effective, yet constrained enough to prevent the emergence of a tyrannical government.
What country's uses republican party? Explain
The Republican Party, often called the GOP (short for “Grand Old Party”) is one of two major political parties in the United States
“The free market system is the best economic system, since it is the most efficient and solves the basic economic problems.”
The free market system is seen as an efficient economic mechanism due to its flexibility in dealing with supply and demand, effective dissemination of scarcity information, and assumption of self-regulation among market participants.
Explanation:The free market system, a central concept in economics, is seen as highly efficient due to its ability to solve basic economic problems such as supply and demand, allocation of resources, and scarcity of goods and services.
Here, markets are left to operate without government intervention, making the system flexible and adaptable. A key principle is the utilization of a common unit of exchange or currency that allows easy trading of goods or services.
Another significant feature of a free market system is the market price system, which disseminates information about the relative scarcities of goods, services, labor, and financial capital. This system is efficient because market participants only need to know that prices have changed, without understanding why, to revisiting their supply and demand decisions.
Lastly, free-market economics assumes that producers and consumers are capable of self-regulation to protect their interests, deeming extensive government regulation unnecessary. This approach believes that private goods' owners are naturally inclined to protect their tangible assets and reputations for sustained profits and business continuity.
Learn more about free market system here:https://brainly.com/question/30280042
#SPJ12
The free market system is the best economic system as it is efficient in information dissemination and enables the voluntary exchange of goods and services.
Explanation:Proponents of free-market economics believe that the market forces of supply and demand, working without any government involvement, are the most effective way for markets to operate. The market system is considered efficient because it provides a mechanism for disseminating information about relative scarcities of goods, services, labor, and financial capital. It allows producers and consumers to negotiate trades and find the most optimal prices.
A key principle of free-market economics is that it is largely unnecessary for the government to protect the value of private goods. Industries have an interest in self-regulating and protecting their own value, while consumers have the ability to provide for themselves and their families. In this view, public policy regulating the exchange of goods and services is deemed unnecessary.
In summary, the free market system is seen as the best economic system by proponents of free-market economics because it is efficient in terms of information dissemination and allows for the voluntary exchange of goods and services.
Learn more about Free market system here:https://brainly.com/question/1188645
#SPJ12
The size of dividends paid to stockholders is directly related to
capital gains (selling price-buying price) + current income (dividends)
the claims of other investors, such as lenders
Answer:
Profitability
Explanation:
Dividend is part of corporate profit that is distributed to shareholders. They are distributed in cash to shareholders. Thus, the higher the profitability of companies, ie, the higher the profit earned, the greater the dividends distributed to shareholders.
How is the United States Government based upon John Locke's idea of a social contract?
Cite evidence from the First Amendment to support your answer.
Your answer should explain the meaning of the social contract. Your answer should include at least three rights guaranteed by the first amendment and what these rights mean.
Answer:
Jan 21, 2017 - The United States government is based on the ideas of equality and the rights you have by being human such as life, liberty, and the pursuit of happiness. These are all ideas expressed by John Locke. John Locke believed that no king and no person had the right to rule over a human being without their consent.
Explanation:
Final answer:
The U.S. Government is based on Locke's social contract through the First Amendment's protection of key freedoms like speech, religion, and assembly, which ensure the government operates with the consent of the governed.
Explanation:
The United States Government is based upon John Locke's idea of a social contract, which is an implicit agreement between people and their government. According to Locke, individuals consent to surrender some of their freedoms and submit to the authority of the government in exchange for protection of their remaining rights. The First Amendment of the U.S. Constitution embodies this contract through its guarantee of freedoms essential to human dignity and societal progress, including freedom of speech, freedom of religion, and freedom of assembly.
Freedom of speech allows individuals to express their ideas and opinions without fear of government retribution. The freedom of religion upholds the separation of church and state by allowing individuals to practice any religion or no religion at all. Lastly, the freedom of assembly ensures that individuals can gather peacefully to express their views on government actions and policies, further reflecting Locke's emphasis on the importance of governments maintaining the trust of the governed. These rights are crucial to the functioning of a representative democracy that operates with the consent of its citizens.
Deforestation in the Amazon Rainforest is primarily caused by people who __________.
Answer:
Cut down tress to make space for their ownselves
Explanation:
We have limited space but plan to have more buildings
Final answer:
Deforestation in the Amazon Rainforest is largely driven by economic activities such as logging, agriculture, and mining, with cattle ranching and soy farming playing significant roles due to global demand. These activities lead to biodiversity loss and contribute to climate change, despite also providing economic benefits. Sustainable forestry practices could help balance development and conservation needs.
Explanation:
Deforestation in the Amazon Rainforest is primarily caused by people who are involved in various economic activities such as logging, agriculture, and mining. The drive for cattle ranching and soy farming for both domestic consumption and export has led to an explosive increase in deforestation rates. The situation is exacerbated by international demands for biofuels and a rise in living standards in developing countries, alongside economic policies that incentivize large-scale deforestation. Poor settlers and workers drawn to the area by the promise of employment or land contribute to this process, but the underlying causes include globalized financial markets, commodity booms, and policy decisions that favor short-term economic gains over environmental preservation.
Additionally, illegal practices such as slash and burn farming have a significant impact on the environment. These anthropogenic activities not only lead to a loss in biodiversity due to habitat destruction but also contribute to climate change through the release of greenhouse gases such as carbon dioxide and methane. Despite these environmental costs, deforestation has created jobs and provided economic opportunities for many people in the region, revealing the complex interplay between economic development and environmental conservation.
Strategies such as forest management and alternatives to clear-cutting, like strip cutting, are proposed to mitigate deforestation while still allowing economic activities to continue sustainably. However, substantial change will require a concerted effort from local to global levels, taking into account the needs for conservation and development in balance.
Which most contributed to an absence of national identity in newly independent countries?
Boundaries that disregarded ethnic and religious differences most contributed to an absence of national identity in newly independent countries.
Explanation:
The powers that granted independence to the countries they ruled for long periods, also usually interfered in demarcating the boundaries of the regions before granting independence.
This demarcation of boundaries was not always done on the basis of ethnic and religious differences in the region. Thus, it often made the newly independent countries experience a lack of national identity among the people of the countries.
Answer:
C
Explanation:
ITS JUST C
Which of the following developments has caused recent controversy between richer and poorer members of the European Union?
A.
the use of the euro
B.
the cost of caring for refugees
C.
the decline in the fertility rate
D.
the use of nuclear energy
ANSWER
the use of nuclear energy
EXPLANATION:
Nuclear power is the use of nuclear reactions that release nuclear energy to generate heat, which most frequently is then used in steam turbines to produce electricity in a nuclear power plant. As a nuclear technology, nuclear power can be obtained from nuclear fission, nuclear decay and nuclear fusion reactions. Presently, the vast majority of electricity from nuclear power is produced by nuclear fission of uranium and plutonium. Nuclear decay processes are used in niche applications such as radioisotope thermometric generators. Generating electricity from fusion power remains at the focus of international research. This article mostly deals with nuclear fission power for electricity generation.This is the main controversy that is recent.
The main controversy between richer and poorer EU members is the cost of caring for refugees, exacerbated by an existing decline in Europe's fertility rate and the resultant economic and social challenges.
Explanation:The controversy between richer and poorer members of the European Union (EU) is most accurately described by option B, the cost of caring for refugees. Richer EU countries are often expected to contribute more in aiding refugees, which has led to tension regarding the distribution of economic responsibility. The influx of refugees, coupled with pre-existing problems such as the decline in the fertility rate and the resulting demographic challenges, stresses the social welfare systems of European nations, creating a divide in opinion on how best to manage these issues.
As Europe is experiencing a low fertility rate, fewer children are being born, leading to an aging workforce and a potential shortage in the labor supply needed to sustain economic growth and fund pension systems. This issue is also tied to cultural tensions arising from immigrants often having different backgrounds from the local populations. Thus, while matters such as the use of the euro, nuclear energy, or even fertility rates play significant roles in the EU dynamics, it is the management of refugees that has sparked recent controversy among member states, especially between richer and poorer countries.
WILL GIVE BRAINLIEST! PLZZZZZ HELPPPP
Where did the Nazis carry out the most of the murders that were the main part of the Final Soulution?
A. in Death camps
B. in slave labor camps
C. in ghettos
D. in Polish cities
Answer:
A. in Death Camps
Explanation:
This was a Nazi plan for the genocide of Jews during World War II. 'Genocide' tells you all there is to know of what the answer is. Genocide means "to disembowel", or murder.
I am joyous to assist you anytime.
Is Islam monotheistic or polytheistic religion?
Answer: monotheistic
Explanation:
Islam is a monotheistic religion. Islam was based on the teachings of the prophet Muhammad. Muhammad’s teachings are found in the holy book of Islam called the Qur’an. He emphasized the dignity of all human beings and the brotherhood of all people.
34. After the Spanish-American War,
the United States granted independence to the Philippines.
the United States returned the Philippines to Spain.
the United States did not grant independence to the Philippines, and American troops fought Filipino rebels until 1902.
the Filipino rebels laid down their arms and accepted American rule.
Answer:
A. it should not fall under Spanish rule.
C. the Philippines should not be independent
you're welcome :)
“… government of the people, by the people, for the people…” which type of government does abraham lincoln describe?
Answer:
democracy
sorry if i'm wrong
Which of the following is NOT a painting style from the early 20th century? A.cubism B.expressionism C.surrealism D.existentialism
I know that i just asked a question a bit ago but this is the last one i'm stuck on, please help
Answer:
C. would be the answer :)
Explanation:
Surrealism is a cultural movement that emerged in Europe following World War I . Hence optiion C is correct .
What is Surrealism ?In which artists depicted disturbing, illogical scenes and developed techniques to allow the unconscious mind to express itself.
Surrealism seeks to transform human experience. It strikes a balance between a rational view of life and one that acknowledges the power of the unconscious and dreams.
The artists of the movement find magic and strange beauty in the unexpected and uncanny, the overlooked and the unconventional.
Surrealism seeks to transform human experience. It strikes a balance between a rational view of life and one that acknowledges the power of the unconscious and dreams. The artists of the movement find magic and strange beauty in the unexpected and uncanny, the overlooked and the unconventional.
It created works of art such as paintings.Writing, acting, filmmaking, photography, and other forms of media. Surrealist works contain elements of surprise, unexpected juxtapositions, and non sequitur.
Learn more about Surrealism here
https://brainly.com/question/11545469
# SPJ 2
Will get brainlyest! Which of the following sentences contains a problem with pronoun agreement?
1. When somebody tells you they will help you, you should believe them.
2. The guide dogs help their owners to navigate in familiar and unfamiliar places.
3. Each volunteer has his or her personal motivations for helping others.
4. Kelly uses her tablet to help her communicate with people in the community.
Answer:
The guide dogs help their owners to navigate in familiar and unfamiliar places.
Explanation:
I believe that this is the answer
Answer:
The correct answer is A) When somebody tells you they will help you, you should believe them.
Please give me Brainliest!!
Thanks! ✔✔
Explanation:
Why did persphone have to live with hades for 7 months and with Demeter on earth for 5 months(in Greek myths)
Answer:
She ate three pomegranate seeds.
Explanation:
Pomegranates are food of the underworld. Since she ate three seeds she has to live with hades for 3 months of the year. For that three months Demeter her mother roams the Earth making plants and crops die, and harsh weather occurs. Winter comes for 3 months and when Persephone returns summer, spring and autumn come.
6. What is the main reason the Allied Powers likely did not free the
people at the Nazi camps quicker?
Answer: to much of a risk to bomb and it would have detracted to the war
Explanation: