Ask Question
BusinessBusiness
18 November, 01:33

True or False: Suppose that the hypothetical country of Kernaland has a chronic scarcity of corn, its staple grain. This implies that the residents of Kernaland need to ration corn.

+1
Answers (1)
  1. 18 November, 02:10
    0
    The statement is: True.

    Explanation:

    Scarcity is the basic economic problem by which individuals have unlimited needs counting only with finite resources to fulfill them. In front of this scenario, individuals must make trade-offs meaning the satisfaction of some needs must be given up in part so other needs can be satisfied simultaneously.

    If corn is scarce in Kernaland, the first step its inhabitants must take is to ration corn before its exploitation reduces the corn crops even more.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “True or False: Suppose that the hypothetical country of Kernaland has a chronic scarcity of corn, its staple grain. This implies that the ...” 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
Charleston Clothing purchased land, paying $ 110,000 cash and signing a $ 280,000 note payable. In addition, Charleston paid delinquent property tax of $ 1,400 , title insurance costing $ 650 , and $ 5,900 to level the land and remove an unwanted
Answers (1)
Select the correct answer. Which activity is a violation of intellectual property rights? A. Peter's company utilized natural resources faster than they could be renewed. B.
Answers (1)
How can personal selling reduce the costs of promoting a product or service? By promoting a product to both qualified and nonqualified prospects By promoting undifferentiated sales messages toward prospective consumers By purchasing advertising and
Answers (1)
Rock Corporation acquires all of the assets of Stone Corporation using only its voting stock. Stone Corporation distributes the Rock stock to its shareholders pursuant to its liquidation.
Answers (1)
At times, customers have an unexpected need and require certain departments, such as production, to change their schedule to meet the demands of the sales department.
Answers (1)
New Questions in Business
Nelson is properly classified as an independent contractor for FunTime Toys. While driving to a meeting at FunTime's headquarters, Nelson caused a car accident in which a cab driver was hurt.
Answers (1)
Aliza had a tax liability of $6,218 last year. she was entitled to tax credits of $758 and withholding amounted to $540 per month. aliza owed other taxes of $626.
Answers (1)
The Assembly Department started the month with 24,900 units in its beginning work in process inventory. An additional 309,900 units were transferred in from the prior department during the month to begin processing in the Assembly Department.
Answers (1)
Research conducted on firms' dividend policies over time support which one of the following conclusions? A. Aggregate dividends and stock repurchases have steadily declined in real terms. B. Dividends are currently paid by the vast majority of firms.
Answers (1)
A monopolist A. does not have a supply curve because the monopolist sets its price at the same time it chooses the quantity to supply. B. has a supply curve that is upward-sloping, just like a competitive firm. C.
Answers (1)
Home » Business » True or False: Suppose that the hypothetical country of Kernaland has a chronic scarcity of corn, its staple grain. This implies that the residents of Kernaland need to ration corn.
Sign Up Forgot Password?