Which best explains why the game of economics cannot eliminate scarcity?
The population of the Earth has grown too large to be sustained by the available
natural resources.
No matter how much supply is produced, people's demands will always increase to
exceed supply
Human intellectual capacities are too limited to allow them to make rational allocation
decisions
Technology has not advanced far enough to create fully efficient systems of production
and distribution
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which best explains why the game of economics cannot eliminate scarcity? The population of the Earth has grown too large to be sustained by ...” in 📘 Business 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
Which high school elective course would be most useful for a career in tool and die making
Answers (2)
Can i use target gift card to pay target credit card
Answers (1)
Jane Hastings recently joined her first job as a communication executive and is working on creating press releases for an upcoming campaign.
Answers (2)
What could happen at each stage of the money creation process to prevent the money supply from increasing the full amount predicted by the deposit expansion multiplier?
Answers (1)
XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 December 31, 2020 Direct materials 50,000 37,000 Work in process 38,000 41,000 Finished goods 32,000 34,000 The following costs were taken
Answers (1)
New Questions in Business
A county accounts for its debt service payments in the General Fund. The amount of unmatured, unpaid interest on general long-term liabilities at the beginning of the year was $122,000 (listed on the LTL Schedule). The ending balance was $165,000.
Answers (1)
The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. $ p = - {/color{black}0.07} x^2 - {/color{black}0.
Answers (1)
Do you think I could ever start a band?
Answers (2)
g. Kings Donut Inc common stock sells for $39.86 a share at a market rate of return of 9.5%. The company just paid its annual dividend of $1.20. What is the rate of growth of its dividend? Assume stock is in equilibrium.
Answers (1)
Jason Jewelers reported the following in its statement of cash flows: Net cash provided by operating activities $140,000 Net cash provided by investing activities 120,000 Net cash used by financing activities 150,000.
Answers (1)