--%>
Assignment Help - homework help

Determine when a good is scarce

A good is scarce when: (1) individuals are willing to pay a positive price for more of this. (2) this is socially but not individually beneficial. (3) individuals are willing to pay to have this not produced. (4) more is obtainable at a zero price than people desire. (5) production would absorb resources.

How can I solve my economics problem of scarce? Please suggest me the correct answer.

   Related Questions in Public Economics

  • Q : Explain about market buyers A buyers’

    A buyers’ market is a market in that: (w) queuing to secure goods is common. (x) the current market price is below equilibrium. (y) demand exceeds supply. (z) several sellers experience surpluses. I need a go

    		•
  • Q : Incentives to create and to use goods

    Please help me to solve the problem of prices which is given below: Information regarding incentives to create and to use goods efficiently is imbedded most directly within: (i) Relative prices. (ii) Normative econ

    		•
  • Q : Example of Normative Macroeconomics

    To say that high joblessness rates in this prosperous country are a national disgrace would be an illustration of a: (w) normative macroeconomic statement. (x) positive macroeconomic statement. (y) positive microeconomic statement. (z) normative microeconomic statemen

    		•
  • Q : Define an example of a free good of

    The closest of the given to being a free good would be from below: (i) affection and support by your parents. (ii) a $100 bill you determined after a stiff breeze blew this onto your porch. (iii) health insurance given by a firm to all its workers. (iv) the second bag

    		•
  • Q : Prohibition in illustrations of

    Illustrations of normative statements would not comprise assertions which: (1) premeditated murderers deserve the death penalty. (2) Leonardo DiCaprio is a terrible actor. (3) AIDS and HIV are transmitted through sexual contact. (4) women must be paid

    		•
  • Q : Government as a trustee on nonhuman

    Can someone please help me in finding out the accurate answer from the following question. Government acts as the trustee over nonhuman resources beneath: (i) Laissez-faire capitalism. (ii) Socialism. (iii) Fee-simple property rights systems. (iv) Feu

    		•
  • Q : Determine the essence of positive

    The essence of positive economic statements is which they: (1) should be correct, or they turn into normative statements. (2) yield predictions which can be tested for validity. (3) clearly resolve ethical or moral matters. (4) focus upon cheerful in

    		•
  • Q : Influencing goods in Economic Growth I

    I have a problem in economics on Economic Growth. Please help me in the following question. Across time, raising the output of military goods devoid of decreasing the output of civilian goods is: (1) Always unfeasible. (2) Impossible in an economy with very high unemp

    		•
  • Q : Determine an example of net investment

    When gross investment is $100 billion whereas $10 billion of capital is worn out, in that case net investment is: (w) $90 billion. (x) $100 billion. (y) $110 billion. (z) not possible to calculate without more information.

    Q : What does an unessential complicated

    Unessential complicated theories violate: (w) common sense. (x) the principle of nonsatiety. (y) the laws of demand and supply. (z) Occam's razor. Please gues I really need one good answer from the above options.

    		•