Which of the Following Describes a Situation of Scarcity

10Which of the following situations reveals a social issue. Which of the following describes the difference between scarcity and shortage.

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A The availability of cheap land created a new class of small independent farmers.

. It is a situation in which people cannot pay for goods and services. For example the desertification of the Sahara is causing a decline in land useful for farming in Sub-Saharan African countries. Money earned after production costs and taxes are subtracted.

What best describes scarcity. The scarcity of factory jobs in European urban centers. Someone offers free advice about getting into college.

A community sees a surge in drug addiction cases. A child charges friends for a ride on his new bike. Trade-offs force society to make choices particularly when answering the following three fundamental questions.

In providing your explanation you should also discuss what. What issue reflects the scarcity of resources which are deemed insufficient to satisfy human wants and needs. A family experiences financial crisis due to the pandemic.

Which describes a situation in which the price of a good would rise. We run into scarcity because while resources are limited we are a society with unlimited wants. A father resorts to stealing to support his family.

Situation that arises when demand for a good or service is greater than the supply of that good or service. Scarcity is a situation when demand for a good exceeds its supply even at a zero price and choice is a consequence of scarcity. Substances such as water air shelter and food sources which are valuable in supporting life.

What best describes the effect of a situation of scarcity. In situations characterized by scarcity societies have to decide how to allocate scarce resources efficiently to address the needs and wants of the majority population. Scarcity occurs only if the quantity demanded of a good or.

In general all resources that entail some. In economics scarcity refers to the gap between insufficient resources and the theoretical needs people have for these resources. See answer 1 Best Answer.

Scarcity or limited resources is one of the most basic economic problems we face. As a result entities are forced to decide how best to allocate a scarce resource in an efficient manner so that most of the needs and wants can be met. Which of the following describes a situation of scarcity.

B Politically the area was plagued by internal divisions regional revolts and. Is scarce ie time money production resourcesFred wants to ride his bike to the convenience store for snacks he has enough time to get there and back so he hops on his bike and goes. Which of the following situations shows a moral issue.

A job seeker finds it difficult to land a job. A social issue B. One what good and services will produced.

Unlimited wants exceed the limited resources available. Scarce natural resources make it more difficult for producers to keep up with demand. Do the following examples describe a situation where scarcity is an issue.

A increasing population B. Theres a shortage of oil pushing car companies into researching alternative fuels. Which describes a situation of scarcity.

Term used to refer to a gap between availability of limited resources and the theoretical needs of people for such resources. Refer to Map 175 in the textbook. Land a shortage of fertile land for populations to grow food.

Water scarcity Global warming and changing weather has caused some parts of the world to become drier and rivers to dry up. Cheating during exam C high prices of commodities D low agricultural production 3. 2 Which of the following can be categorized as a social issue.

A There is no difference. Which of the following describes the situation in Latin America after independence. Two how will goods and services be produces and three who will receive the goods and services.

Therefore all resources with a non-zero cost in the process of. A person lets the kids in the neighborhood use his pool. Get 1-on-1 help from an expert tutor now.

B There is a shortage of almost everything. Either word can be used to describe the situation that exists when there is less of a good or service available than people want. Someone distributes free bottles of water at the beach.

Choice emerges when limited resources are. Why or why not. Acobdarfq and 26 more users found this answer helpful.

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