Sign In
Ask Question
Business
Victoria Benson
8 August, 18:55
What's the law of scarcity?
+2
Answers (
1
)
Edgar Ward
8 August, 19:36
0
The law of scarcity simply notes that economic resources - land, labor, capital, and talent - are limited, not infinite. This assumption is easily verifiable by noting that if resources had been infinite, everything should have been free; because it is not, scarcity must exist
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“What's the law of scarcity? ...”
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
If a. b. c. d. a trade-off. a policy. an incentive. an opportunity cost. the real interest rate is 10.3% and the nominal interest rate is 12.6%, what is the inflation rate
Answers (1)
1. Interest expense on a loan denominated in another currency is converted at: A. The forward rate for delivery when the interest must be paid B. The spot rate when the loan was made C. The spot rate when the interest is accrued D.
Answers (1)
Refer to IT's About Business 14.3 - Build Your Apps Yourself: You need to have technical knowledge as to how to build mobile apps on your own in order to be successful in the mobile apps market a) true b) false
Answers (1)
Blasterhoff, Inc. is a company that makes cannons for blasting off fireworks. In order to build their business they brought in a marketing researcher.
Answers (1)
Jenna composes an email from home to her boss to inform him that she will be late getting to work that day. The act of composing an email involves which stage of the communication process? a. Selecting a channelb. Sifting through noisec.
Answers (2)
New Questions in Business
One benefit to a farmer using crops modified with herbicide resistance is that: select one: a. reduced biodiversity always lowers the crop's susceptibility to disease. b. seeds are cheaper than conventional hybrids and can be saved every year. c.
Answers (1)
Mrp works best if the inventory items have dependent demand. True or false?
Answers (1)
Stock dividends Select one: a. Have the same effects on financial statements as cash dividends. b. Are similar to stock splits in that they do not change the fundamental position of current shareholders. c. Must be accompanied by cash dividends. d.
Answers (1)
What is the current u. s. population? what is the current world population? considering those numbers, do you think the united states is in a population crisis? do we have enough land and resources to support a continuous increase in population?
Answers (1)
Distinguish between individual and market demand for a commodity
Answers (1)
Home
»
Business
» What's the law of scarcity?
Sign In
Sign Up
Forgot Password?