What is scarcity and choice?

Answers

Answer 1

Choice, on the other hand, relates to how people decide to share and use resources. Scarcity refers to the limited nature and availability of resources.

Briefing:-

At its core, economics—the study of how people and society decide how to distribute limited resources—is a conundrum of choice and scarcity.

What does "scarcity" actually mean?

A fundamental idea in economics is scarcity. When a good or service is in higher demand than it is readily available, it is said to be in excess of its capacity.

What does "option" mean in economics?

A consumer's or producer's capacity to select the good, service, or resource from a variety of available possibilities is referred to as choice. Freedom of choice is viewed as a crucial sign of economic progress and well-being.

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Related Questions

we can see only one hemisphere at a time on a globe why?

Answers

Answer:

It is because the earth is tilted. This results in seeing only one hemisphere at a time on a globe.

Explanation:

Hope it helps you. Please mark as the brainliest.

It is not possible to see more than one hemisphere at any given time on a globe because of the tilted shape of the Earth.

What is the significance of hemisphere?

Hemisphere can be referred to or considered as a half proportion of the surface of the Earth throughout its entire area. A hemisphere is always divided with the help of an equator. The halves of the hemisphere are named as per the directions that they belong to from the equator.

At any given point of time on the Earth, it is not possible to see more than one hemisphere. The reason behind this is that the tilted surface of the Earth does not allow for the visibility of more than one hemisphere, which could have been possible if the Earth was flat-surfaced.

Therefore, the significance of hemisphere has been aforementioned.

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Please help! 06.03 MC) Planet B has a tilt of 45 degrees. What seasonal changes would be expected on this planet?

Answers

If the Earth were to be tilted 45 degrees then this would result in chaotic and extreme seasons, because of the 45 degrees tilt, summers will be very hot and Sun rays will come directly at Earth, resulting in very hot and dry summers in which it could result in the lack of water for crops. Winters will also be very harsh as the Sun would be hard to even see in the extremely cold winters. Global warming would increase because the ozone layer won’t be used to this much exposure to the sun in the summers.
Ultimately it would result in the extinction of many species and destroy crops.
This just goes to show how perfectly the Earth is is rotating. Just one change could cause mayhem.

I hope this helped and have a nice day : D

help will b marked the brainliest !!!!!! Cs cs How did the lives of house staff compare to those of field hands?
They wore similar clothing.
House staff was given greater responsibilities than field hands.
House staff had certain legal rights that field hands did not.
They worked on similar agricultural tasks.

Answers

Either b or c not a hundred percent sure but this make the most sense

wich type of population pyrakid displays a very large fertility rayes and lower than average life expectancies

A Constrictive
B Expansive
C Stationary

Answers

Constrictive Pyramid (A)

Answer:

Hello There!!

Explanation:

I think the answer is A.Constrictive.

hope this helps,have a great day!!

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why are good railways considered important for a country's development?give three points​

Answers

Answer:

Railroads are important to a country's development because they help with transportation of people and other stuff

Explanation:

Answer:

One cannot overemphasize the importance of transportation than call it the 'lifeline' of a nation. It has been proven by so many instances how transport infrastructure has added speed and efficiency to a country's progress. Good physical connectivity in the urban and rural areas is essential for economic growth

What did Mexico begin offering Americans in Texas?

Answers

Answer:

They were encouraging settlement

who advised Lincoln not to free the slaves? HURRY

Answers

Answer:

The Garrisonians

Explanation:

1.1.3. Briefly explain the Economic term land,

Answers

This is the answer for the economic term land

Name the battles 4 where Texas troops fought to keep the Union forces out of Texas:

Answers

Answer:

First battle of Sabine Pass, First battle of Galveston, Second Battle of Galveston, Second battle of Sabine Pass

Explanation:

Read the passage. How does Boccaccio support his argument that staying away from sick people helped healthy people avoid illness" [Healthy people decided] to shun and flee from the sick and all that pertained to them. ... They lived removed from every other and shut themselves up in those houses where none had been sick. -Decameron O by sharing his point of view to convince the reader
O by offering emotional appeals to convince the reader
O by using his authority on the subject to convince the reader
O by using logic to back up his conclusion to convince the reader​

Answers

Answer:

by using logic to back up his conclusion to convince the reader    Explanation:

I know it.

Answer:

D

Explanation:

How did Lincoln attempt to peacefully resolve the question of whether to resupply Fort Sumter?
A: by sending unarmed supply ships to the fort
B: by ordering Union soldiers to abandon the fort
C: by refusing to send supply ships to the fort
D: by sending Union troops to defend the fort
AND I DON'T WANT A LINK JUST THE ANSWER

Answers

Answer:

A). by sending unarmed supply ships to the fort.

Explanation:

Lincoln tried to calmly resolve the question of resupply to the Fort of Sumter by 'dispatching unguarded supply ships to the fort.' He knew that the location of Sumter fort was very vital as it safeguarded the southern coast's trade locations and thus, he was extremely tensed regarding the resupply to the fort because he didn't wish to succumb to the conspiracies made against it by the federation. The Fort existed within the union and thus, they want to take its authority and this eventually led to the beginning of the civil war. Hence, option A is the correct answer.

We act as ____________________ when we announce the Good News of Jesus Christ by being willing to share our faith with others.

Answers

Answer:

we act as believers when we announced the good news

21 points, please !!!!

Answers

Answer:

C. Working in Victory gardens

Explanation:

Planting Victory Gardens helped make sure that there was enough food for our soldiers fighting around the world.

help me plzzzzzzzzzzzzzz

Answers

the answer is number 4!

3.1.4. “Some learners are discriminated against because of their sexual orientation"
Discuss THREE ways in which the school could address discrimination at
school. (Not in the community).​

Answers

Answer:

1. The school can encourage reporting discrimination to the teachers.

2. The students should not be silenced when bullied, the school can let the learner speak out against the bullys.

3. Schools can teach how all students should be accepted for who they are.

The three ways in which a school can address discrimination by adopting or doing the following:

By advising students to report any form of discrimination to their teachers or staffs.By organizing anti-discrimination presentations and social campaigns in the school.By punishing any student or staff that engages in discrimination, so as to serve as a deterrent to others.

What is discrimination?

Discrimination can be defined as an unfair or prejudicial (negative) treatment of an individual or group of people based on the following characteristics:

RaceGenderAgeSe-xual orientation

In conclusion, all schools should endeavor to address discrimination by creating a favorable learning environment for all students, regardless of their se-xual orientation.

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Draw a bar graph, using the information in the extract, of the numbers
of plant species of fynbos found in South Africa.​

Answers

Answer:

just use the numbers of what it is and draw a graph and put the numbers on the graph

Explanation:

All of the following embarrassed the US during the Cold War expect:
A: Bay of Pigs
B: Cuban Missile Crisis
C: the Soviets putting a man into orbit first
D: Fall of the Berlin Wall

Please help me thank you! :)

Answers

Answer:

D fall of Berlin wall

Explanation:

Which of the following is true regarding Islam?

Answers

Answer:

Muslims vary sharply in their interpretations of traditions.

Explanation:

Hope this helps!

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Which matter from the ecosystem do water weeds need to get so that they can make food? A scales from the fish B water from the pond C nutrients from the pond mud D waste materials from the snail

Answers

Answer:

Either C or D

C can carry the nutreince AND live bacteria and or food for the bacteria. but then again snail waste or any animal waist helps plants grow. it's a food for them so most likely D

Nutrients from the pond mud and waste materials from the snail are the materials which are main things the water weeds need to get so that they can make food. Hence, C and D are appropriate.

What is the meaning of Nutrients?

The components of food known as nutrients are what fuel biological activity and are vital to human health. The following essential functions are carried out by these substances, which are grouped as proteins, lipids, carbs (sugars, dietary fiber), nutrients, as well as minerals.

A nutrient is a substance needed by the body for survival, growth, and reproduction, as defined by the World Health Organization. In those other words, nutrients provide us with energy and enable our bodies to carry out necessary tasks. Nutrients are essential for life and are needed by every organism on our planet!

Water, carbs, protein, fat, vitamins, as well as minerals, are the six main nutrients. Each one is special and essential to how our bodies work. An organism needs nutrients to survive, develop, and reproduce. Animals, plants, fungi, and protozoa all need to consume certain nutrients. For metabolic functions, nutrients can enter cells or be expelled out of cells to form non-cellular structures like hair, scales, and feathers, as well as exoskeletons. Some nutrients, such as carbohydrates, lipids, and proteins, including fermentation products (ethanol or vinegar), can be metabolically changed into smaller molecules during the process of releasing energy, which results in the end products of water and carbon dioxide.

Hence, C and D are correct.

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You are on the school playground with your friends and you notice a broken piece of equipment. One of the poles has snapped and could cause someone to be injured if they fall or land on it. You tell the teacher who sends you to talk to the principal and explain the problem. The principal explains that the school has no money to fix the playground, so it will have to be closed.

What can you do? Who could you ask for help?

Answers

Answer: In this situation I don't know if you can do anything, but you could ask your parents for help, and if they are willing to give the school a lil bit of money to fix it then there,

Explanation:

This is prolly a bad answer but that's all I can think of

how do human beings transform into social beings​

Answers

Answer:

Human beings transform into social beings through socialization, which is a series of events during which a person grows into a functioning member of society by learning the knowledge, rules, perceptions and attitudes that enable it. The end result of socialization is, on the one hand, the adoption and uniformity of society's rules and, on the other hand, the development of skills and abilities and their diversity.  Preparing for membership in society takes place in a social interaction in which a person spends a large part of his or her life.  

How did the First World War change the life of women in texas?

Answers

Answer:

welp only god knows

Explanation:

it maybe made them go mad

What effects did the Gold Rush have on Sacramento and San Francisco

Answers

Answer:

it raised the economy and population

Explanation:

so many people were coming to san francisco and sacramento that the econony was raised

REMEMBER THAT THE RISE TESTS DO NOT GO TOWARDS YOUR GRADE, THEY ARE ONLY FOR THE SHOOLS TO SEE HOW WELL THEY ARE TEACHING YOU.

Answers

Indeed.

:) Have a nice day!!

can someone pls help me...

"Differentiate between slef awerness and self esteem."(2)​

Answers

Answer:

Self-awareness is the ability to make accurate statements about one's skills, feelings, and events in one's life. Alternatively, self-esteem refers to the child's ability to see themselves as worthy, valuable, and composed.

Explanation:

what did peter the great change for europe​

Answers

Answer:

Hello There!!

Explanation:

Here is your answer:He turned Russia into one of the most powerful states in Europe.

hope this helps,have a great day!!

~Pinky~

He changed the foreign policy to valence the power

On what issue did the church in the east and in the west not agree?

Answers

Answer:

The Great Schism came about due to a complex mix of religious disagreements and political conflicts. One of the many religious disagreements between the western (Roman) and eastern (Byzantine) branches of the church had to do with whether or not it was acceptable to use unleavened bread for the sacrament of communion.

Explanation:

Why did writing in national languages make humanists more popular? How was that different than what was taught in the Middle Ages?

Answers

Answer:

Writing in national languages did make humanists more popular because writing in a widely used language allows the majority of people to translate it. Humanism emphasized rational reasoning and rationality. They were anti-faith, anti-tradition, and anti-devotional. Religion was at the heart of the Middle Ages. Humanism emphasized rational reasoning and rationality.

Explanation:

Hope this helps!

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What are some things that have been engineered to help people deal with the effects of gravity?

Answers

Answer:

equivalence principle. Particles follow geodesics that are extremal paths in spacetime. These paths are the same for any mass m so long as this test mass is small m << M for M the mass of a central mass that defines a gravity field. If the spacetime curvature is due to a gravity wave or some other physics, the curvature of this field R is such that R >> 8πGm^2. If this test mass is sufficiently large it has its own appreciable curvature and this results in a highly complex problem similar to the 3-body problem in Newtonian mechanics.

I have though been thinking about this a bit differently. The equivalence principle states that the freely falling frame is equivalent to a frame in flat spacetime far removed from any gravity field. I have been thinking of this according to quantum field theory. A freely falling frame is one which has a vacuum equivalent to a quantum vacuum in flat spacetime. The geodesic the frame falls under is one which preserves this vacuum.

This may be extended to massive particles and massless particles. A massless particle is on a null geodesic and is then on a “null frame.” These frames are then projective varieties over massless quantum fields in that vacuum. These massless fields all have transverse modes, but no longitudinal modes. A massive particle has a longitudinal mode, and the vacuum modes have dispersion as a result. This is due to the presence of the Higgs field.

An accelerated frame is one which has a vacuum equivalent to a particular vacuum near a black hole. Depending on the acceleration parameter this can be a different vacuum. In this way aspects of spacetime physics can be thought according to quantum mechanical or quantum field properties. Spacetime is probably an emergent phenomenon of quantum physics.

Explanation:

What stereotypes of American Indians did you observe in the portrayals of Tonto?
Be specific. ​

Answers

Answer:The Lone Ranger has long been a fictional hero, taming the Wild West with his trusty Indian guide, Tonto. The faithful companion helps the white man fight bad guys, and does so speaking in pidgin English.

Tonto made his first appearance on the radio in the 1930s, voiced by a non-Native American actor, John Todd. In the series, Western settlers face down what they call "redskins" and "savages." And trusty Tonto is always on hand to interpret the smoke signals.

Beginning in 1949, in films and on TV, Tonto was played by Jay Silverheels, an actor who in real life was the son of a Canadian Mohawk tribal chief. "You Kemo Sabe," he would say to the Lone Ranger. "Me Tonto. Me take care of you."

Disney's version is out in theaters this week, and it's an action-comedy with Johnny Depp in the role of Tonto.

Explanation: trust me

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What are the 2 most important accounting principles? the addition of hbr to some alkenes gives a mixture of the expected alkyl bromide and an isomer formed by rearrangement outline the mechanism of formation and strcutres of products form the reaction of hbr with Xiao,a 7-year-old Chinese child,and Jess,a 7-year-old American child,are each listening to an audio tape in their individual rooms.At one point,the audio on both tapes gets covered by static. Which sample of argon gas has the same number of atoms as a 100 ml gas at 1. 0 atm and 300k. The following contingency table summarizes the drug test results for 429 test-takers:For a randomly selected test administration, find the following probabilities. (Round the answers to 4 decimal places.) What is logos mean in the context of the material as it relates to public speaking and why is it important? Why did Europeans take these different approaches? What is the role of the president pro tempore ? Below, energy is plotted as a function of reaction progress for a catalyzed and uncatalyzed chemical reaction. Assign the terms to their corresponding features in the figure. Which curve in the plot represents the catalyzed reaction? O the blue (top) curve O the green (bottom) curve solid wooden sphere of volume 0.0100 m3 floats freely exactly one-half submerged in a liquid of density 800 kg/m3. a lightweight cord is now tied to the sphere and is used to pull the sphere under the surface and hold it completely submerged. what is the tension in the cord? identify the slope and y-intercept of the function y = -2x+4 in april and may of 2011, the pew research center surveyed cell phone users about voice calls and text messaging. they surveyed a random sample of 1914 cell phone users. 75% of the sample use text messaging. the 95% confidence interval is (73.1%, 76.9%). which of the following is an appropriate interpretation of the 95% confidence interval? Hrxn for a particular chemical reaction is 85 kJ. Which of the following is true?A. The reaction releases energy as it occurs, and the energy level of the products is less than the energy level of the reactants.B. The reaction absorbs energy as it occurs, and the energy level of the products is less than the energy level of the reactants.C. The reaction releases energy as it occurs, and the energy level of the products is greater than the energy level of the reactants.D. The reaction absorbs energy as it occurs, and the energy level of the products is greater than the energy level of the reactants. You intend to endow a scholarship that pays $7 comma 000 every 6 months, starting 6 months from now. If the appropriate discount rate is 2 % per 6-month period, how much money will you have to donate today to endow the scholarship? Which detail from the selection most effectively helps to develop the key idea that the wars of the roses arose from conflicting claims to the english throne?. The table shows a proportional relationship between x and y.x 3.6 12.2 2.1y 7.2 24.4 4.2Which of the following correctly describes the graph of the relationship? A line that goes through (3.6, 7.2) and (24.4, 12.2) A line that goes through (7.2, 3.6) and (12.2, 24.4) A line that goes through (0, 0) and (3.6, 7.2) A line that goes through (0, 0) and (7.2, 3.6) Is an agricultural country True or false? terry moser, an organizer for the teamsters, gives five progressive steps that can lead to unionization. which step has as one of its purposes to identify employees who can help the organizer direct the campaign? What are the 4 characteristics of oligopoly? Which of the following can be used to identify this painting as a surreal artwork? (3 points)A. Abstraction and Dream-Like-ImageryB. Dream-Like-Imagery and Geometric Shapes C. Organic Shapes and RealismD. Symbols and Realism