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. Situation Freebie Economics Lessons Teaching Economics Opportunity Cost 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. ...