Ask Question
Advanced Placement (AP)Advanced Placement (AP)
11 June, 08:33

Without scarcity there wouldn't be the need to study economics. True/False? Eplain.

+4
Answers (1)
  1. 11 June, 11:44
    0
    True.

    Since scarcity is the basic economic problem, without scarcity there would be no need to study economics. Scarcity means when a particular commodity is not enough to satisfy human wants completely. So, if scarcity doesn't exist, it'll mean that everyone's wants will be fulfilled, hence the need to study economics will not be there.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Without scarcity there wouldn't be the need to study economics. True/False? Eplain. ...” in 📘 Advanced Placement (AP) if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
You select a number at random from the sample space {0, 2,4,6, 8, 10, 12, 14}. Explain how to find the theoretical probability of a number divisible by 6
Answers (1)
In what legal contexts do citizens enjoy the right to remain silent? The privilege not to answer incriminating questions?
Answers (1)
Ryan's family has a beagle, so when he sees any small four-legged furry creature, he says "doggie." The pattern of thought that provides Ryan with a concept with which to compare his understanding of "doggie" is called A) a schema. B) assimilation.
Answers (1)
Describe the sleep cycle by numbering the following terms in the correct order from going to bed to having your first dream. begin with one (1) ___alpha waves ___stage 2 ___beta waves ___REM sleep ___delta waves ___stage 3 ___stage 3 ___stage 2
Answers (1)
Identify the correct sequence for establishing effective communication
Answers (1)
New Questions in Advanced Placement (AP)
Long Island residents who depend on Salvadoran laborers for landscaping services but pass laws to prevent them from living in The same community are practicing what
Answers (1)
On a hot humid summer day, you notice enormous, billowy clouds with broad flat bases. what can you predict about the weather? Explain
Answers (1)
A rational-legal authority figure would most likely be someone like a A. war chief B. principle of a school C. religious leader D. parent
Answers (1)
The mass of the Sun is 2 * 1030 kg, and the distance between Neptune and the Sun is 30 AU. What is the orbital period of Neptune in Earth years? 30 Earth years 164 Earth years 3.8 * 1011 Earth years 2.3 * 1017 Earth years
Answers (1)
Which was developed on accident? A. Star B. soubrette C. Drama This is theatre by the way
Answers (1)
Home » Advanced Placement (AP) » Without scarcity there wouldn't be the need to study economics. True/False? Eplain.
Sign Up Forgot Password?