Why is Scarcity existed for human desires

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 brainwashing. (v) almost unlimited associate to the productive technologies and resources available.

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Public Economics

Q : Perceptions about equity and need

Government often bases decisions regarding distributions of income and output on: (i) unemployment and Inflation. (ii) Positive economic theories. (iii) Perceptions regarding equity and need. (iv) Market demands and supplies. Can s

Q : Demonstration of scarcity in the U.S.

By which is scarcity in the U.S. economy demonstrated: (v) The "energy crisis" of the 1970s, (w) Welfare payments to impoverished families, (x) Government budgeting more funding for defence or more for education, (y) Housing shortages in Santa Monica

Q : How to recognize economics as a field

recognize economics as a field of economics

Q : Requirements of Economic Efficiency

Economic efficiency needs: (w) distributive, productive and allocative efficiency. (x) engineering and dynamic efficiency. (y) historical and sociological efficiency. (z) chemical and physical efficiency. How can I

Q : Most dealing of normative economic

Normative economic statements deal mainly along with: (w) the way things should be. (x) production possibilities frontier analysis. (y) facts in place of theories. (z) how to measure economic variables. Please choo

Q : Behavior of deliberately act in

Deliberately acting in a way which cannot attain a wanted goal is: (w) rational behavior. (x) random behavior. (y) irrational behavior. (z) maximizing behavior. Can anybody suggest me the proper explanation for given problem regard

Q : Economic welfare-Production possibility

Maximizing the community's economic welfare needs production: (i) On production-possibility curve. (ii) Of minimum exports and maximum imports. (iii) Of more consumer durables and fewer services. (iv) Exterior to the production-possibility curve.

Q : Explain about the positive economic

Positive economic statements: (1) are factual and can never be wrong. (2) predict political viewpoints. (3) are attempts to explain economic relationships. (4) estimate the fairness of social programs. (5) can resolve the matter of equity.

Q : Criterion for distributing The

The requirements criterion for distributing income entails: (1) Government costless offering all goods required for survival. (2) High administrative costs as determining someone else’s wants are difficult. (3) Dividing the national income unifo

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.

Discover Q & A

Leading Solution Library

Avail More Than 1413577 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1932269
Asked

3,689

Active Tutors

1413577

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment