--%>
Assignment Help - homework help

Why every society confronts the problem of scarcity

Each society confronts the problem of scarcity since: (i) human wants are virtually limitless relative to the resources obtainable. (ii) technology, resources and human potential are limitless. (iii) most people can't have enough money the goods they require. (iv) human beings become satiated as consumption raises. (v) government bureaucracies make production inefficient.

Can someone give explanation with best solution about problem of economic concept of scarcity...

   Related Questions in Public Economics

  • Q : Purchases of recently issued bonds and

    Define one reason that the purchases of recently issued bonds and stocks: (1) just only increase the value of federal funds. (2) Are not economic investments since they are just alternative forms of people’s financial saving? (3) Reduce the prof

    		•
  • Q : Punishment must fir to crime by Jeremy

    In words of Jeremy Bentham, punishment for a particular committing a wrong against society must be: (i) decided by a jury of the person’s peers. (ii) depends on the individual’s intentions. (iii) depends on the criminal’s position in

    		•
  • Q : Illustrate positive economic analysis

    Income tax rates were cut during 1981 year, and again in 2001 year. A question is here that, at least in theory, may be resolved through positive economic analysis is: (w) How do changes in tax rates influence employment and national

    		•
  • 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 : Economic problem of increase employment

    I need a good answer on the topic of Economic problems. Please give me your suggestion that the concept that restricting steel imports will increase employment within the steel industry that is a: (w) normative argument. (x) Positive argument, since the idea can be te

    		•
  • Q : Human choices and consequences in

    Economics as like a Science is most relates with: (a) human consequences and their choices. (b) mathematical formulas to compute profit. (c) how government agencies price services and goods. (d) wealth accumulated through private ente

    		•
  • Q : Economist-Conclusion for redistribution

    I want a good answer on the topic of normative economics. Please give me your opinion that if wealth and income both were redistributed by the richest one to the poorest five percent of the population, conclusion of an economist would be that: (w) soc

    		•
  • Q : Decisions and owns resources The

    The Economic systems are categorized mainly according to: (1) Who makes decisions and who owns the resources. (2) Which political parties are in the power. (3) The extent of economic growth. (4) How efficiently resources are employed.

    Q : Majority worse off and minority better

    When an economic change makes a huge majority of the population worse off and a minute minority better off, the alteration is: (w) good for society because it made some people better off. (x) bad for society since only a few people ar

    		•
  • Q : Weather ruins crop-equilibrium

    When the soybean market is firstly in equilibrium on S0D0 and in that case severe weather ruins much of the crop, then the market moves to: (1) S1D0. (2) S1D2. (3) S2D0<

    		•