What do economists mean by scarcity? Can you think of anything that is not scarce according to
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Scarcity is the situation in which wants exceed the ...View the full answer
Answered By
Nformi Harmone Njani
I love tutoring so much. I started far back in secondary school where i will organize tutorials classes for lower class students and help them with their home work. When i got to high school, i help my classmates with home work and help them prepare for various exams. At the University i didn't have enough money to sustain myself so i got a part time job in a secondary school where i take my free University hours to teach electrical subjects such as electrical technology, machines, circuit theory, diagram, etc to students in the electrical departments. I taught for three years. In my final year at the University, i had the opportunity to help the level one students with tutorials which i wad been paid for. Teaching has been part of me from childhood.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Micro Economics questions
-
What do economists mean by downsizing?
-
What do economists mean by pricing-to-market?
-
What do economists mean by shortage? By surplus?
-
Sketch the graph of the function and state its domain. f (x) = ln |x|
-
Some believe that iGAAP provides too many choices within its accounting guidance. Is this a possible concern in the area of cash flow reporting? Explain.
-
Show that the index for selecting materials for a strong panel with the dimensions shown in the figure, loaded in bending, with minimum embodied energy content is that with the largest value of...
-
To the left of z = 1.865 Find the indicated area under the standard normal curve. If convenient, use technology to find the area.
-
During a meeting of the management committee of Edsel Corporation, a number of proposals are made to alleviate its weak cash position and improve income. Evaluate and comment on both the immediate...
-
Emboldened by the growing online presence of their fellow white supremacists, the organizers of the 2017 Unite the Right rally expanded their activities this year. This year's rally spanned 10 days...
-
1. What performance problems is the captain trying to correct? 2. Use the MARS model of individual behavior and performance to diagnose the possible causes of the unacceptable behavior. 3. Has the...
-
Assume that the figure below accurately represents Apple's PPFs for 2020 and 2025 and that in 2025 it has customer orders for 110,000 four-door sedans and 65,000 two-door convertibles? Explain...
-
You have exams in economics and chemistry coming up, and you have 5 hours available for studying. The following table shows the trade-offs you face in allocating the time you will spend studying each...
-
True or False? There usually are more local variables in a recursive routine than in the equivalent iterative routine.
-
Company reported the following amounts on its balance sheet (in thousands): Year End Assets Liabilities Shareholders' Equity Year 2 $336,000 $110,000 $266,000 Year 1 262,000 76,000 186,000 No...
-
If a single taxpayer has earned $55,000 taxable income, and the tax rates are 0 - $22,100 = 15%; $22,100 - $53,500 = 28%; and $53,501 - $115,000 = 31%, how much income tax is required this year?
-
Mr. Husker's Tuxedos Corp. ended the year 2021 with an average collection period of 38 days. The firm's credit sales for 2021 were $56.7 million. What is the year-end 2021 balance in accounts...
-
Elaina's old bicycle had tires with a 12-inch diameter. Her new bicycle has tires with a 16-inch diameter. What is the difference in the circumference of the tires? Use 3.14 for
-
Given the following information, calculate the sales activity variance. Master budgets sales in units 15,000 Flexible budget sales in units 16,500 Budgeted sales price per unit $12.00 Actual sales...
-
In the previous problem, instead of a perpetual growth rate in adjusted cash flow from assets, you decide to calculate the terminal value of the company with the price-sales ratio. You believe that...
-
Why is it important to understand the macro-environment when making decisions about an international retail venture?
-
Some economists and policymakers have argued that one way to control federal government spending on Medicare is to have a board of experts decide whether new medical technologies are worth their...
-
Two economists at the Brookings Institution argue that "new firms rather than existing ones have accounted for a disproportionate share of disruptive and thus highly productivity enhancing...
-
Private equity firms, such as Blackstone and Kohlberg Kravis Roberts & Co., search for firms where the managers appear not to be maximizing profits. A private equity firm can buy stock in these firms...
-
Show the adjusting entries that you would make given the additional data below. In addition to the formal journal entry, please also indicate the type of adjusting entry that is being made, ...
-
I need one to three paragraphs written about the awk command in unix. Everything should be in a power point presentation. Make sure it contains the following: Command name Description How to use the...
-
If a firm does not grow as expected subsequent to convertible or bond-with-warrant issues, does that make it more or less likely that the securities will be converted or exercised?
Study smarter with the SolutionInn App