What does the concept of scarcity explain? Choose three answers.

why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.

Answers

Answer 1

'Scarcity' is defined as the economic concept that refers to the situation of 'having finite resources and infinite demands.'

The concept of 'Scarcity' explains:

C). why consumers are willing to pay high prices for items.

D). why decisions must be made on how to use resources

F). why a single resource has more value than another resource.

The term 'scarcity' elaborates the causes of all the above-stated problems. Since the demand for produced goods, as well as, services is endless and the resources available to meet this demand are limited, there is an imbalance between the demand and supply. This leads to the hike in prices of the available goods so that one could afford to pay higher will take the good. This makes it important for deciding upon the efficient utilization of resources so that every individual's demand can be satisfied up to some extent.The single resources cost higher due to this reason only as it develops a competition among the buyers.

Learn more about 'scarcity' here:

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Answer 2

Answer:

C, D, F

Explanation:


Related Questions

discuss how the problems of what, how and for whom exist​

Answers

What does this mean I’m so confused

15. Which one of the following statements is true? A. The maintenance margin is the amount of money you post with your broker when you buy or sell a futures contract. B. If the value of the margin account falls below the maintenance-margin requirement, the holder of the contract will receive a margin call. C. A margin deposit can only be met with cash. D. All futures contracts require the same margin deposit. E. The maintenance margin is set by the producer of the underlying asset.

Answers

Answer:

b because it kinds of relate 2 agreeing 2 buy or sell a pacific amount of sum

Explanation:

B- The value if it falls below the maintenance-margin requirement, the holder of the margin receives a margin call and ultimately becomes liable to pay such sum to proceed further.

The margin trade funding is a system used by the discount brokers to facilitate its clients to trade with a gradually less amount of funds in the balance with the broker.

The client however is required to pay certain fees to avail such facilities offered by the discount broker on the trade of futures and options in the stock market.

But the statement that securities investments are subject to market risks and the money can be zeroed essentially so trades are only advisable to be undertaken by the trader in future securities.

When the margin of account holder falls below the allotted margin i.e., it becomes negative then in such cases the trader is liable to bear the losses realized due to such trades.

Hence, the correct option is B that the trader will be liable to receive a margin call and pay any such dues arising out of it.

To know more about brokerage, please click the link below.

https://brainly.com/question/8710638

Private goods are not rival in consumption, but excludable. rival in consumption and excludable. rival in consumption, but not excludable. not rival in consumption and not excludable

Answers

Answer:

private goods—excludable and rival in consumption.

Explanation:

1) Private goods = excludable + rival in consumption (wheat/phone/parking space)

2) Public goods = non excludable + non rival in consumption (public sewer system/national defence/Scientific research.)

3) Common resources, non excludable + but rival in consumption (clean water in a river/clean air/fish in the ocean)

4) Club goods, excludable + but non rival in consumption (movies on Netflix/cinemas)

identify business equipment or resources required to complete task under direct instruction?​

Answers

Answer:

Explanation:

Estimate quantities and resources correctly to.

The job _______ results in two written statements: one that specifies the responsibilities, duties and working conditions of the job, and the other setting forth the minimal education and skills required to do the job. specification description analysis assessment

Answers

Answer:

The word "Analysis" would most likely fit the statement.

Explanation:

The job analysis results in two written statements: one that specifies the responsibilities, duties, and working conditions of the job, and the other setting forth the minimal education and skills required to do the job.

ANSWER NEEDED ASAP MULTIPLE CHOICE
What's the difference between the federal deficit and the national debt?
(A) Th federal deficit is the amount of money owed to the government by individual taxpayers, and the national debt is the amount of money owed to the government by other countries.
(B) The federal deficit refers to the gap between what the government earns and spends in a year, while the national debt is the total cumulative amount of money the government owes.
(C) The federal deficit refers to a situation in which the government brings in more than it spends, and the national debt refers to a situation in which the government spends more than is earns.
(D) The federal deficit is the total amount of money the government owes, and the national debt is the amount the country overspent in the last fiscal year.

Answers

B-The federal deficit tells you how much more money the government spent in a single year than it received in revenue. The national debt, on the other hand, is the cumulative amount of money that the federal government has borrowed to make up for all those deficits in previous years. Source: https://www.nytimes.com/2017/01/11/insider/whats-the-difference-between-the-national-debt-and-the-federal-deficit.amp.html

Which of the following is NOT a function of the Federal Reserve?

To promote stability of the financial system.

To collect taxes from taxpayers.

To conduct monetary policy.

To provide banking services to commercial banks.

To provide banking services to the federal government.

Answers

Answer:

To collect taxes from taxpayers

four reasons why Corona virus could be harmful to economic growth??​

Answers

Answer:

Employees have to be let go because social distancing is a thing

Businesses are not getting enough customers because of quarantine, which leads to them shutting down

Factories that supply stores are shut down to prevent spread in factory lines

For those with computer jobs, working from home does not give an employee as much freedom with printing or scanning as it does at work, which slows down the completion of assignments and lowering the business`s dependability

Your business has conducted four market research surveys in the past year . The cost per survey is as follows : survey 1: $900 survey survey 2 : 1,200 survey 3: 1,500 survey 4: 1,700. What is the average cost of the market research surveys?

Answers

Answer:

$1325

Explanation:

[tex](900 + 1200 + 1500 + 1700) \div 4[/tex]

[tex] = 5300 \div 4[/tex]

[tex] = 1325[/tex]

como hacen las siclas para que uno no se caiga

Answers

con materials duro que aguantan bastante peso.

Answer:

lo que dijo thay

Explanation:

The following is the trial balance of kencho sales located in Tabs, Thimphu as on 31st December 2019.You are required to prepare financial statements as at 31st December 2019.​

Answers

Not sure but good luck

wat is the definition of economics​

Answers

Economics is a social science concerned with the production, distribution, and consumption of goods and services. ... Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on individual people and businesses.
the branch of knowledge concerned with the production, consumption, and transfer of wealth. The condition of a region or group as regards material prosperity.

How the business can use creative thinking to solve business problems ​

Answers

Explanation:

Creative thinking helps you to see opportunities in the marketplace or come up with a unique solution to a problem—and isn’t this the cornerstone of any business?

Creativity is key to innovation. When issues come up, you’ll be able to think of ways over, under, or through the roadblocks.

Creativity stimulates the brain and helps us to wake up and pay attention. Noticing more of what’s around us aids in developing novel approaches to help your business stand out.

Creative thinking helps you keep your business presence fresh. You’ll be able to constantly reinvent your business in order to stay in your customers’ awareness.

Creativity helps you shift your perception so you can better understand your customers’ point of view.

Creativity gives you a higher tolerance for risk—you’re used to working through fear of failure.

Creativity improves your leadership skills. Being an effective leader means being creative in your approach and problem-solving. When you have the capacity to let go of the outcome and be open to out-of-the-box thinking, you free your business team up for generating new ideas.

Creativity helps you to broaden your vision of what it means to be successful in your  business—what it can offer to the world.

Creativity strengthens your resilience. When those inevitable stressful periods come up, you’re able to bounce back faster instead of getting derailed.

Creativity invites flow and feels good, and when you feel good, you attract your ideal customers and clients.

Can you creatively think of even more ways that creativity can help your business?

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