Ask Question
BusinessBusiness
7 June, 16:12

Scarcity requires that we:Multiple Choicemake sure we only want things that we are capable of consuming and producing. change our fiscal policy until the situation of scarcity is eliminated. make decisions in order to arrange our resources rationally. adopt economic policies that will lead to unlimited resources.

+4
Answers (1)
  1. 7 June, 20:05
    0
    Answer: Option (A) is correct.

    Explanation:

    Scarcity refers to the problem that is experience by most of the developing countries. This situation occurs because of the shortage of resources in an economy and due to the shortage of resources, so firms unable to produce more and satisfy unlimited human wants. Humans wants are unlimited, hence it is difficult to satisfy all of their wants but some of them.

    Therefore, we make sure that we only want things that we are capable of consuming and producing.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Scarcity requires that we:Multiple Choicemake sure we only want things that we are capable of consuming and producing. change our fiscal ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Dapper Corporation had only one job in process on May 1. The job had been charged with $3,400 of direct materials, $4,640 of direct labor, and $9,200 of manufacturing overhead cost.
Answers (1)
You purchased a stock at a price of $76.90. The stock paid a dividend of $2.27 per share and the stock price at the end of the year is $68.36. What are your capital gains on this investment?
Answers (2)
Suppose that a Swiss watchmaker imports watch components from Sweden and exports watches to the United States. Also suppose the dollar depreciates, and the Swedish Krona appreciates, relative to the Swiss Franc.
Answers (1)
What made you decide to apply for a job with Chick-fil-A?
Answers (1)
The following events result in a tax. Which is an example of a direct tax? Charles sells his 25-acre lot, which includes a pole barn. Sammy stops to pump gas on a cross-country road trip.
Answers (1)
New Questions in Business
Who is the best Current NBA Player
Answers (2)
The principle prescribing that financial statements reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue is the: A. Going-concern principle B.
Answers (1)
n 2010, the country of Vesey exported goods worth $312 billion and services worth $198 billion. It imported goods worth $525 billion and services worth $255 billion. It sent $1.
Answers (1)
Mohave Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $315,000. The estimated fair values of the assets are land $60,000, building $220,000, and equipment $80,000.
Answers (1)
Responsible boaters use cleaning products that won't harm lakes or rivers. which product is a responsible choice for cleaning your boat
Answers (1)
Home » Business » Scarcity requires that we:Multiple Choicemake sure we only want things that we are capable of consuming and producing. change our fiscal policy until the situation of scarcity is eliminated.
Sign Up Forgot Password?