--%>

Scaring people of a commodity or service

Hello guys I want your advice. Please recommend some views for given problem that when are people of a commodity or service scarce: (1) gain from having this obtainable, (2) Wish more than the amount freely obtainable, (3) Say no to pay a positive price for this. (4) Cannot concurrently enjoy a single unit of the good.

   Related Questions in Public Economics

  • Q : Existence problem regarding each and

    Can anybody suggest me the proper explanation for existence problem regarding every society. Every society should answer questions regarding “How?, for Whom? and What?” due to the exist

  • Q : Associates facts in Economics of

    Hey friends please give your opinion for the problem of Scientific Economic work that is given below: Scientific tries to relate facts to produce understanding of how things work are termed as: (w) mathematics. (x) theories or mode

  • Q : Determine when economic efficiency is

    Economic efficiency is most clearly improved while: (i) a new Wal-Mart opens in a rural community. (ii) less-developed countries grow quicker than more developed countries. (iii) taxes are composed in accord along with the principle of progressivity. (iv) India increa

  • Q : Law of diminishing returns The idea

    The idea that costs ultimately grow faster than output if output is expanded obeys logically from the law of: (i) Increasing expectations. (ii) Raising returns to scale. (iii) Diminishing returns. (iv) Demand and supply. (v) Rational effects.

    Q : Fundamental categories for economic

    The four fundamental categories for economic resources are: (w) matter, energy, technology and information. (x) wages, rent, interest and profits. (y) land, labor, capital and entrepreneurship. (z) machinery, energy, workers and government.

  • 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 : Why is Scarcity existed for human

    Scarcity exists since human desires are: (i) minute relative to the means available to satisfy them. (ii) heavily affected by advertising and wants to “keep up along with the Joneses.” (iii) immoral. (iv) controllable merely through brainw

  • Q : Study of economics is largely explain

    Hello guys please explain to how study of economics is broadly focused: (w) firms operate, (x) consumers make a decision what to buy, (y) Scarce resources are allocated to satisfy human requirements and (z) Resource ownership finds out the distribution of wealth and i

  • Q : Production-possibility curve of a

    By using a curve analogous to the production-possibility curve, choices among government policy objectives could be exhibited by: (1) Moving all along the curve. (2) Shifting the curve down. (3) Shifting the curve up. (4) Comparing a point beneath the curve with one a

  • Q : Laws and government regulations of

    Most of the economists agree that the property rights are finally defined and recognized primarily by: (i) The ‘invisible hand’ of the market system. (ii) The labor theory of value. (iii) Laws and government regulations. (iv) Supply and demand. (v) The bru