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
Nguyen Inc. applies overhead to products based on direct labor hours using normal costing. During 2016, total overhead costs were estimated to be $500,000. Actual overhead totaled $540,000 based on 32,000 actual direct labor hours.
Answers (1)
Why is employee turnover a problem for a business?
Answers (1)
What is social objective mean?
Answers (1)
Jenna owns a film production company that produces television commercials and short documentaries. she has only a few permanent employees but hires temporary crew members such as lighting specialists, camera operators, and set designers as needed to
Answers (1)
How is unit labor cost computed? a. By dividing the total level of output by the total cost of workers b. By dividing the total cost of workers by the total level of output c.
Answers (1)
New Questions in Business
Five years ago, Weed Go Inc. earned $1.50 per share. Its earnings this year were $3.20. What was the growth rate in earnings per share (EPS) over the 5-year period? Group of answer choices a. 18.94% b. 18.04% c. 16.36% d. 17.18% e. 15.54%
Answers (1)
The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000. Refer to Exhibit 6-4.
Answers (1)
E. If the market price of wheat instead falls to $20.00 per bushel, how much wheat will Ali choose to produce per month in order to maximize his profits in the short run?
Answers (1)
Constantine purchased 100 shares of IBM stock several years ago for $150 per share. The price of these shares has fallen to $55 per share. Constantine's investment strategy is "buy low, sell high.
Answers (2)
An interest rate that remains the same throughout the entire loan repayment period
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?