--%>
Assignment Help - homework help

Define problem of restricted resources and time of supplly

Alex wants a limitless supply of ice cream, flip-flops and candy bars. However, restricted resources and the time needed to produce these staples leaves Alex facing a problem termed as: (i) scarcity. (ii) disappointment. (iii) insufficiency. (v) inadequacy. (v) hunger.

Hello guys I want your opinion. Please recommend some views for above economics problem of scarcity.

   Related Questions in Public Economics

  • Q : Human rights trump property rights I

    I have a problem in economics on Human rights trump property rights. Please help me in the following question. Loosely translated, the laissez-faire signifies: (i) Control and integrate. (ii) Seize the day. (iii) Human rights trump the property rights

    		•
  • Q : Determine the positive technical

    Which of the given is a positive technical statement? (i) The Miss America contest is sexist and tasteless. (ii) The moon is made of green cheese. (iii) Microsoft’s record of innovation justifies Bill Gates’ incredible wealth. (iv) Capitalism improves peop

    		•
  • Q : Define the normative economics in

    Hello guys I want your opinion. Please suggest your answer for following Normative-economics problem. Normative economics: (i) based upon value judgments. (ii) involves statements which are either right or wrong. (

    		•
  • Q : Invisible hand of Adam Smith “

    “Invisible hand” of Adam Smith refers to the combined results of: (w) monopoly plus altruism. (x) democracy and freedom. (y) self-interest plus competition. (z) taxes and government regulation.

    Q : Economic assumption of rationality in

    As per to the economic assumption of rationality: (w) entrepreneurs are usually more rational than employees. (x) consumers often perform in random or erratic ways. (y) people tend to behave in accord along with their goals. (z) people who are rationa

    		•
  • Q : Property rights enforced by government

    In countries where private ownership is a dominant system: (1) Resources are socially owned, with govt. acting as a trustee. (2) Laws concerning the property rights are enforced by government. (3) Monopolization of each productive resource is inevitab

    		•
  • Q : Issues of normative economic policy

    Economic policy matters are usually: (w) simply resolved by positive analysis alone. (x) normative, but workable solutions based on positive analysis. (y) either strictly macroeconomic, or strictly microeconomic. (z) better resolved using common sense

    		•
  • Q : Give an example of Absolute Prices When

    When the overall price level rises, then there are changes within: (i) absolute prices. (ii) subjective values. (iii) relative prices. (iv) objective prices. (v) tax rates. How can I solve my economics problems, which is related to

    		•
  • Q : Potentially allocated lower prices in

    Whose lives are potentially allocated lower prices while a drunk decides to drive home without waiting to sober up?

    		•
  • Q : Fee-simple property rights I have a

    I have a problem in economics on Fee-simple property rights. Please help me in the following question. Fee-simple property rights are a broad division of: (i) Common law. (ii) Positive externalities. (iii) Negative externalities. (iv) Public property

    		•