Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

The problem of scarcity implies that _____. human needs are limited resources that can meet human wants are finite both human wants and resources are

The problem of scarcity implies that _____.

human needs are limited

resources that can meet human wants are finite

both human wants and resources are infinite

both human wants and resources are limited

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Econometric Analysis

Authors: William H. Greene

7th edition

131395386, 131395381, 978-0131395381

More Books

Students also viewed these Economics questions

Question

★★★★★

Explain the concept of a cost driver and how to determine an appropriate cost driver for a given activity.

Answered: 1 week ago

Question

★★★★★

1 What kinds of information do psychologists gather when making a diagnosis?

Answered: 1 week ago

Question

★★★★★

What is the difference between statistically significant and practically significant? Give two examples of when you might need each.

Answered: 1 week ago

Question

★★★★★

Make-or-buy Beaus Bistro has a reputation for providing good value for its menu prices. The desserts, developed by the pastry chef, are one of the distinctive features of the menu. The pastry chef...

Answered: 1 week ago

Question

★★★★★

Al usar el mtodo indirecto para determinar los flujos de efectivo operativos, cmo se muestra un aumento en las cuentas por cobrar durante el ao en el estado de flujos de efectivo? a.actividad...

Answered: 1 week ago

Question

★★★★★

Coronado Industries is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine Price $400000 $800000 Accumulated...

Answered: 1 week ago

Question

★★★★★

Two Registered Nurses (RNs) are available to triage and enter any pre-existing medical conditions that must be noted for vaccination. The first RN is using a faster laptop and completes screening in...

Answered: 1 week ago

Question

★★★★★

Fresh Bites manufactures Caesar salads. In January, the company initially budgeted to purchase and use 20,000 kilograms of lettuce at $1.18 per kilogram, with a budgeted A output of 70,000 salads....

Answered: 1 week ago

Question

★★★★★

Basic exception handling is required. It's your responsibility to ensure that any thrown exceptions are handled gracefully and do not crash the program. Any program you write should be thoroughly...

Answered: 1 week ago

Question

★★★★★

Oil at 24 gpm and 1200 psi enters the low-pressure inlet of a 4:1 Racine pressure intensifier. Find the discharge flow rate and pressure. Problem 5 Oil at 155F and 2250 psi is flowing through a...

Answered: 1 week ago

Question

★★★★★

What causes noise: Environment and people; body language; language (generations, style, slang); Regional, National, International; gender; access to information (myopic); levels of experience; number...

Answered: 1 week ago

Question

★★★★★

Beatrice Richman built a helicopter-landing pad on her large estate. She built the pad not knowing that the town in which she lives (Happy Town) has an ordinance that prohibits private aircraft from...

Answered: 1 week ago

Question

★★★★★

The background knowledge of the interpreter

Answered: 1 week ago

Question

★★★★★

The expert rule: We have more confidence in information presented by someone who is an expert in the field than by someone who is not.

Answered: 1 week ago

Question

★★★★★

How easy the information is to remember

Answered: 1 week ago

Previous Question Next Question