--%>
Assignment Help - homework help

Explain about the Economic Scarcity

Economic scarcity: (w) will eventually be removed by technological progress. (x) is synonymous along with an economic shortage. (y) cannot exist within a market economy. (z) will exist as long as human needs exceed the goods we can produce using our restricted resources.

Hey friends please give your opinion for the problem of Economic that is given above.

   Related Questions in Public Economics

  • Q : Problem related to Income distribution

    The necessary criterion for distribution asserts is that: (i) everyone requires a few luxuries to attain psychological balance. (ii) Output must be distributed in proportion to people’s requirements. (iii) Individual requirements will be met bes

    		•
  • Q : Positive declaration in positive

    When a mother tells her young child that thunder is caused by the angels bowling up in heaven, scientists would classify her statement as most clearly: (w) a normative statement. (x) a positive statement. (y) microeconomics in place of macroeconomics. (z) scientifical

    		•
  • Q : Determine broad distributive economics

    Economy-broad efficiency: (w) may only be got in a command economy. (x) is classically the most significant goal of public policies. (y) has little to do along with price or market conditions. (z) needs that additional gains to anyone entails losses t

    		•
  • Q : Define economic assumption of

    As per the economic assumption of rationality, there people: (w) always behave with ideal rationality. (x) never behave in erratic or random ways. (y) tend to make decisions consistent along with their goals. (z) foresee completely the effects of thei

    		•
  • Q : Least stable probability of market

    Market prices are probable to be the least stable where: (1) production technology is dormant for lengthy periods. (2) number of consumption substitutes is large. (3) variables finding demand and supply change often. (4) demand and supply curves both

    		•
  • Q : Effects of bankrupted causing prices to

    A predictable result when a drought bankrupted several watermelon farmers would be as: (w) a decline into the price of watermelons. (x) increased demand since watermelons will be scarcer. (y) reduced supply, causing prices to increase. (z) decreased demand due to high

    		•
  • Q : Define illustration of a positive

    An illustration of a positive scientific statement would be: (w) vegetarians are healthier than people who gorge on candy and fried chicken. (x) people shouldn't be greedy. (y) justice needs ratification of an Equal Rights Amendment. (z) men mustn't b

    		•
  • Q : Primary comprehensive work in economics

    The primary comprehensive work upon economics within English was written via Adam Smith (1776 year) and entitled. An Inquiry within the Nature and Causes of: (1) Laws of Supply and Demand. (2) Wealth of Nations. (3) Movements of Prices in Competition. (4) Incomes of D

    		•
  • Q : Where is all economic resources fall

    Can anybody advise me the explanation for specified problem regarding where is all the economic resources fall within the categories: (i) Infinite, free, energy, or knowledge. (ii) land, labor, capital, or entrepreneurship. (iii) consumption, saving,

    		•
  • Q : When economists disagree in normative

    Can someone give details with best solution about problem of normative economics... Economists disagree MOST often about regions involving: (i) normative economics, while value judgments are involved. (ii) explanat

    		•