The basic economic problem – What is it?

Answers

Answer 1

Answer:

Scarcity, or limited resources, is one of the most basic economic problems we face.

Answer 2

Answer:

The fundamental economic problem is the issue of scarcity and how best to produce and distribute these scare resources.

Scarcity means there is a finite supply of goods and raw materials.

Finite resources mean they are limited and can run out.

Unlimited wants mean that there is no end to the quantity of goods and services people would like to consume.

Because of unlimited wants – People would like to consume more than it is possible to produce (scarcity)


Related Questions

When preparing your speech, which of the follow would be considered unethical?
Citing sources properly
Setting a responsible goal
Implementing hate speech
Utilizing inclusive language.

Answers

C. Implementing hate speech

This graph shows the number of US troops deployed in South Vietnam between 1962 and 1968.


What caused the sharp increase of troop involvement shown on the graph?

Vietnam gained independence and the war began.
President Johnson was assassinated.
The Gulf of Tonkin Resolution was passed.
People began volunteering to go to war in large numbers.

Answers

Answer:

The answer is C: The Gulf of Tonkin Resolution was passed.

Explanation:

Correct on edge

Answer:

C. The Gulf of Tonkin Resolution was passed.

Explanation: got it right on edge 2020

Was the Mexican American War a justifiable war?
GIVE 2 EXAMPLE FROM YOUR KNOWLEDGE

Answers

Answer:

The reason for this war was because of America's belief to move forward and expand also known as Manifest Destiny. You could say it was unjust but most American citizens agreed with the idea of Manifest Destiny.

(hope that helps a little)

Explanation:

When the dust cleared, Mexico had lost about one-third of its territory, including nearly all of present-day California, Utah, Nevada, Arizona and New Mexico. The U.S was the victor and took a big chunk of Mexico's land.

To sum it up:

-Manifest Destiny caused this war

-America was victorious in taking Mexico's land

A flashing yellow light ————

Answers

flash of lightning is meabe the answer

Complete the statement about various theories on the origin of violence.

Answers

Answer:

Sociocultural theories are based on the idea that violence stems from inequality between social groups.

Social Learning Theory states that children observe the behavior of people around them and incorporate those behaviors into their own iterations and relationships.

Explanation:

PLATO

Answer:

Explanation: got it correct on edmentum

What did the Agricultural Revolution enable?


Answers

Answer: An agricultural revolution or agrarian revolution is a period of transition from the pre-agricultural period characterized by a Paleolithic diet, into an agricultural period characterized by a diet of cultivated foods; or a further transition from a living form of agriculture into a more advanced and more productive form of agriculture, resulting in further social changes, and some argue worse individual living conditions. Examples of historical agricultural revolutions include: The Neolithic Revolution, the initial transition from hunting and gathering to settled agriculture in prehistory and developing the ability to farm crops. This period is commonly referred to as the 'First Agricultural Revolution'. The Arab Agricultural Revolution, diffusion of many crops and farming techniques across Arab world and Muslim world during Islamic Golden Age. The British Agricultural Revolution, an increase in agricultural productivity in Great Britain which helped drive the Industrial Revolution. The Scottish Agricultural Revolution, the British Agricultural Revolution in Scotland specifically, which led to the Lowland Clearances.

Hello

I think I can help

Answer:

The Agricultural Revolution of the 18th century paved the way for the Industrial Revolution in Britain. New farming techniques and improved livestock breeding led to amplified food production. This allowed a spike in population and increased health. The new farming techniques also led to an enclosure movement.

Please mark.

Cheers, Jake

Look at the picture and observations below

Answers

Answer:

The Answer is B

Explanation:

Answer:

B is the answer

On which side of the map will you find the Communist Nations. Need answer in 5 mins please!! North, South, East, or West?

Answers

Answer:

East! It is in the eastern part of the globe

What is Washington referring to in this excerpt? Summarize it in your own words in a few short sentences.


The disorders and miseries which result gradually incline the minds of men to seek security and repose in the absolute power of an individual; and sooner or later the chief of some prevailing faction, more able or more fortunate than his competitors, turns this disposition to the purposes of his own elevation, on the ruins of public liberty.

Answers

Answer:

This passage is about when George Washington used his final public address as president to warn against what he understood as the two greatest dangers to American prosperity: political parties and foreign wars. Washington urged the American people to avoid political partisanship and entanglements with European wars.

Hope this helps!

Answer:

C. that the leaders of political parties would act out of self-interest

Explanation:

here you go

Please select the word from the list that best fits the definition spread from Arabia into Africa beginning in the A.D. 600s

Answers

Answer:

The word that bests fit the definition "spread from Arabia into Africa beginning in the A.D 600s" is ISLAM

Explanation:

Islam is the religion which teaches that there is only one God, and the Prophet Muhammad (Peace Been Upon Him) is the last messenger of God. Islam is the world's second largest religion, with a total of more than 24% of world population as its followers.

Islam, basically started to spread from Arabia. After covering the Middle East, Islam was spread to the North Africa in 600s, when the Umayyad Caliphate conquered the area. After the conquest of North Africa, Islam spread through West Africa mainly due to peaceful means, from where it reached the rest of the Africa.

Answer:

Islam (Last Option)

Explanation:

I got 100%

Have a nice day!

Which of the following statements best explains the purpose of market
research?
A. Market research gives consumers reliable product information.
B. Market research leads to efficient production.
C. Market research keeps the economy growing.
D. Market research helps producers earn more profits.
SUBMIT

Answers

Answer:D - Market research helps produce earn more profits

Explanation:

person above me is incorrect :)

PLEASE HELP!!!

How did the 1763 Treaty of Paris influence the colonial history of North America?

A) The territory that is now Florida became a Spanish possession.

B) Britain gained all French territory in North America.

C) The British gained the Louisiana Territory.

D) American Indians allied with the French increased raids on British territory.

Answers

ANSWER;

B) Britain gained all french territory in north america.

Which of the following best explains what market forces are?
A. The laws that govern whether a producer will able to buy low and sell high.
B. The decisions of the government that decide what will be produced.
C. The way that produces coerce consumers into buying at the highest price possible.
D. The properties of a free-market system that determine what the outcomes will be.

The answer D. The properties of a free-market system that determine what the outcomes will be.

Answers

Answer:

D

Explanation:

The answer choice that best explains what market forces are is D. The properties of a free-market system that determine what the outcomes will be.

What are Market Forces?

This refers to the different variables that are responsible for the outcome of a market in a free-market system.

Hence, we can see that market forces are important as they help to determine the price and are used in a free enterprise system and it is an essential part of capitalism.

Read more about market forces here:

https://brainly.com/question/16195516

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