Describe how scarcity of time, money, or resources affected a recent economic decision you made

Answers

Answer 1
Final answer:

Economics involves making choices due to scarcity of resources such as time, money, and materials, leading to decisions between different wants and needs.

Explanation:

Economics is the study of how humans make decisions in the face of scarcity. Scarcity affects all aspects of economic decisions, as resources, including time, money, and materials, are limited. For instance, you might have to decide between buying a new pair of shoes or saving that money for future needs. This decision is influenced not only by the scarcity of money but also by the fact that each of us has only 24 hours a day, which places a limit on how much we can work and earn. Even if you do not measure wealth solely in monetary terms, whatever brings utility will have a cost, making the balance between wants and available resources a central concept of economics.


Related Questions

Which statements describe events or actions that occured during the reign of Ivan III? Choose all answers that are correct. A. The kremlin in Moscow was rebuiltto include a palace and cathedral. B. Ivan the III took the title Czar. C. Ivan the III married a Byzantine princess.

Answers

All of the above are correct. Ivan III of Russia renovated the Kremlin and built several cathedrals there, took the title of Czar and Autocrat, especially when dealing with foreign officials and leaders, and in 1472, married the Byzantine princess Sophia Paleologue. 

The answers are A. The kremlin in Moscow was rebuiltto include a palace and cathedral. B. Ivan the III Took the title CZAR. C. Ivan the III married a Byzantine princess.

By the end of the Russian Civil War,which political group was in control of Russia?
A. The Duma
B. The provisional government
C. The Bolsheviks
D. The czarists

Answers

I would put the answer C.

Answer:

The correct answer is C. By the end of the Russian Civil War, the Bolsheviks were in control of Russia.

Explanation:

The Russian Civil War was fought in the period 1917–1922 between the Bolsheviks (the Red Army) who had seized power in Russia through the October Revolution of 1917, and their opponents (the White Army). Although the Whites received support from foreign powers, the war ended with victory for the Red, which laid the foundation for the formation of the Soviet Union in 1922.

The reds were the communist centralized military forces led by Vladimir Lenin. During the Russian civil war, they fought many battles against the whites, which largely consisted of social democrats and supporters of the former tsar. The Reds emerged victorious from the civil war in 1922 and established the same year the Soviet Union, which was to last until its dissolution in 1991.

What did the Pendleton Act Establish?
A. the secret service
B. the presidential succession order
C. the civil service system
D. the spoils system

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C the civil service system.

If you had to choose sides, would you side with the Federalists or Anti-Federalists? Explain why you sided with the particular group by summarizing, in your own words, their arguments.

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the anti federalist because the Anti-Federalists believed the Constitution granted too much power to the federal courts, at the expense of the state and local courts. They argued that the federal courts would be too far away to provide justice to the average citizen

What restrictions does the carter place on the colonists

Answers

The laws were designed to protect British economic interests in colonial trade and to protect its industry
The laws were designed to protect British economic interests in colonial trade and to protect its industry

What factors caused conflict between new settlers to the west and Native Americans

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In the  late 19th century, white settlers in the West clashed with Native Americans over land and natural resources. When several tribes resisted settlement on reservations, the U.S. government fought for control in a series of conflicts called the Indian Wars.

In Colonial times geography was a key factor defining economy of a region. In Florida is that true? What types of jobs + businesses do we have? Are they affected by the location and resources in our area (If you can like it like four paragraphs thanks you <3)

Answers

Geography is a major factor affecting the economy of Florida. Mostly, this is due to the state's weather, and it coastline. The warm weather attracts retirees and tourists, who contribute to the economy. In addition, the warm climate allows for the growth of winter produce and citrus for export. Lastly, the coast also contributes to tourism as well as shipping.

What branch of government has the power to call a special session of Congress?

Answers

The legislative branch
The President has that power

history question down below

Answers

Hanging Gardens of Babylon is the answer.

C

hanging gardens of Babylonian

Enginuity2020

Who established Spain’s authority in Louisiana?

Answers

Don Antonio de Ulloa

hope it helps!

Based on this excerpt, what was the purpose of the Iroquois League? (see image)
1) To Help Maintain the Local forests for use by the people of each member tribe.
2) To work together and defend each other to keep peace.
3) To establish laws that all Native American nations were to follow
4) To provide comfort and care for visiting tribal leaders

How did Native Americans influence other parts of the world?
1) They taught settlers how to grow crops that were traded with other countries
2) They were taken as slaves to other parts of the world where they grew crops.
3) The millions of Native Americans who died from diseases significantly affected the global population.
4) They Taught settlers how to make weapons that were then traded with other countries.

Which of these were reasons for Columbus's first voyage from Spain? (2 answers)
1) Spain wanted to discover a new land for settlement
2) He went in search of an easier route to Asia
3) He sought to bring back Native Americans for slavery
4) Spain wanted to control the spice trade

Thank You!
Attachment

Answers

1.  To work together and defend each other to keep peace.
2.They taught settlers how to grow crops that were traded with other countries 3.
He went in search of an easier route to Asia. AndSpain wanted to discover a new land for settlement

Segregation in public schools was banned as a result of

Answers

Brown vs. the Board of Education [1954]

why did the russian revolution occur

Answers

when demonstrators clamoring for bread took to the streets in the Russian capital of Petrograd

Identify some contributions of women inside and outside the home.

Answers

thats easy


inside the home)
woman cook and clean the house and make sure everything is in order,if there r kids in  the house they sometimes bathe,feed,play and read a bedtime story to them.


outside the house) 
woman r hard workers and always try to do their best (not all but a mejority)
they make sure they do their jobs get groceries if needed and do many other things. some examples may be
1. if they r a cheif they cook great meals

and 2. if they r a teacher they deal with bad and good kids and make sure ALL the kids get a good education


hope this helps :)

The women contribution of the inside and outside the home are:

Inside the home:-

cooking, cleaning, caring the house, teaching the kids etc.

Outside the home:-

Purchased the groceries, working the part-time job etc.

What is women?

The term women refer to the female gender. A female age was the 18 above is called the women. The women are the equal right as compared to the man. The women personality are the emotional, caring, and sensitive. The women are the important role play in the men life as sister, mother, and teacher.

Women have an important role to play both outside and inside the home. The women are perfect in doing their duty and responsibility.

Women are the ones who contribute to cooking in the kitchen, serving meals, cleaning the house, and caring for their children. On the outside of the home, the women are purchasing the groceries and working a part-time job.

Learn more about on women, here:

https://brainly.com/question/928992

#SPJ2

How old was Abraham Lincoln when he died

Answers

When Abraham Lincoln passed away, he was 56 years old. 
He was 56 when he was assassinated.

which of the following describes the impact of job specialization on Neolithic societies

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More people were able to focus on developing skills other than farming.
Normally people in those times only had one job choice - Farming. After job specialization became the "Big Deal" people could focus on other skills.

Hope this helps!

What right did the United States claim under the Roosevelt Corollary

Answers

the United States claimed(declared) the right to have dominance in Latin America

Under the Roosevelt Corollary, the United States claimed the right to assume police power in Latin America.

The Roosevelt Corollary was an addition to the Monroe Doctrine that President Theodore Roosevelt created in his State of the Union address in 1904 after the Venezuela Crisis of 1902–03. According to the Corollary, the United States will intervene in conflicts between the European countries and Latin American countries to enforce legitimate claims of the European powers.

explain the impact the shared cultural trait of art is having on both Europe and the Middle East

Answers

cultured a shared set of traditions, beliefs systems, and behaviors, is shaped by history religion.

Use the map to select the correct answer. Area 2 on the map outlines

A. Mixed grass prairie
B. Tall grass prairie
C. Short grass prairie

Answers

Area 2 outlines a mixed grass prairie

The CORRECT answer is:

mixed grass prairie

I am an online student, and when I submit a quiz, it gives me the correct answer to anything I missed.

You are welcome.

What is the main belief that distinguished the Jewish faith from the others in ancient world

Answers

Most ancient religions were polytheistic (they believed in many gods). But the worship of one god (Monotheism) made Judaism unique. 

Your answer would be C. The worship of a single god rather than many gods

I hope this helps!

. Why did the population grow more rapidly in New England than in other regions during the 1600s? a. Individuals banded together and formed compact, densely populated towns. b. Many farmers immigrated to that region. c. The region offered a balanced population and healthier natural living conditions. d. Immigrants preferred this ethnically and culturally diverse area.

Answers

Considering the fact that Europe before the renaissance period was empty in most places due to plagues and poor living conditions once things slowly started to get better people started living in cities again and in larger populations so I believe the answer is A.

14.   Which of the following criteria makes someone eligible to run for president of the United States?

Answers

What are the options?????

The Royal Canadian Mounted Police was originally formed to search for gold in the Yukon Territory. True or false? If the statement is false, rewrite it correctly.

Answers

The Royal Canadian Mounted Police was originally formed to establish safety for gold diggers in the Yukon Territory.

How did European conquerors meet their need for labor on sugar plantations? A. They hired the unemployed population of Europe. B. They brought enslaved Africans to the Americas. C. They bought new machines that did much of the work. D. They paid Native Americans to do the work.

Answers

B. They brought enslaved Africans to the Americas.

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How did European conquerors meet their need for labor on sugar plantations?  

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They brought enslaved Africans to the Americas.  

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Summarize some of the new technology that helped change life in the west. NM HIstory i need help anybody?

Answers

A fan because in the west it is near the equator which is really hot so the fan changed a lot and air conditioning

Answer:

The telegraph made communication much easier, the railroad made transportation of goods and people quicker and easier. The sewing machine made life on the plains easier.

why dis the anasazi abandon their major pueblos
A. the houses were too small
B. the houses were too difficult to keep clean

C. mounds were easier to build
D. severe droughts hit

Answers

"Most researchers feel that the Anasazi abandoned their pueblos because of drought and other changing conditions, although more recent research is beginning to show that other factors (violence, changing society, etc.) also played a role."


Therefore D

d. should be your answer

Which of the following might be elements in a story about someone who became a Senator? Select all that apply.

Terry attended a political rally at her local grocery store parking lot.

Terry got online and wrote a lot about what she thought about the local mayor.

Terry watched the news a lot.

While still a junior in high school, Terry applied to be a page and an intern at the State legislation hoping one of the jobs would come through.

Terry volunteered on a local campaign stuffing envelope

Answers

the 4 one
While still a junior terry applied to be a page and an intern at the state legislation hoping one of the jobs would come through 

The correct answers are: 1)Terry attended a political rally at her local grocery store parking lot, While still a junior in high school, 4)Terry applied to be a page and an intern at the State legislation hoping one of the jobs would come through, and 5)Terry volunteered on a local campaign stuffing envelopes and dropping leaflets from house to house.

A senator is an elected official that is going to serve in the Senate, part of the Congress. Elected to serve for a six-year term, senators are assigned to work on committees to oversee an approve proposed laws and called bills. There are committees for budget, health or defense.

Anyone who wants to become a senator must be at least 30 years old, must have been a United States citizen for at least nine years and must live in the state he wants to represent. Some skills and experience to one day becoming a senator:

Educational background in political science and law, get involved in local committees, obtain your party support, establish a campaign committee, and raise a lot of money because running a campaign is expensive.


what became a problem when the ming government failed to issue enough copper coins

Answers

 counterfeiting became the next big thing, thousands of counterfeit coins were made from the middle class to the lowest of classes.
hope that helped

The correct answer is counterfeiting.

Counterfeiting became a problem when the Ming government failed to issue enough copper coins.

The problem for the Ming government when they failed to issue enough copper coins was that the citizens still needed those coins to purchase things. So, there was not enough money to do so, and the people started to elaborate their own coins. They counterfeited the copper coins to have money to cover their needs, but the quality of the coin was poor.


In McCulloch v. Maryland, the Supreme Court ruled that Congress

Answers

That Congress had implied powers under the Necessary and Proper Clause Article I section 8 of the Constitution to create a second bank, and so for stated that Maryland lacked the power and impact to tax the second bank of the US.

Answer:

In McCulloch v. Maryland, the Supreme Court ruled that Congress had the power to establish a national bank, as one of its "implied powers", and it also asserted again that the Constitution's laws are supreme and can't be controlled by the states.

Explanation:

The conflict of the McCulloch v. Maryland case (1819) originated when James W. McCulloch, a cashier of the Baltimore branch of the bank, refused to pay a tax that the state of Maryland imposed on The Second Bank of the United States. In Court, the state of Maryland appealed that the establishment of the Second Bank was unconstitutional since the Constitution didn't say anything about granting that power to Congress.

However, the Supreme Court determined that Congress indeed had the power to establish a national bank, as one of its "implied powers" supported by Section 8 of Article I of the U.S. Constitution because the bank would help to carry out the government's functions, and it asserted that the Constitution's laws were supreme and could not be controlled by the states.

what is a difference between roman and Germanic systems of justice?

Answers

While the Roman system of justice is based on the body of laws, the Germanic system of justice is based on previous judgments that constitute law for the following trials. As a result the second one is much more dynamic.
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