Ask Question
BusinessBusiness
2 October, 21:31

A basic concept in economics is that all resources are

limited.

allocated.

valuable.

renewable

+5
Answers (1)
  1. 3 October, 01:11
    0
    That all resources are limited

    The more limited one resource is, the more Valuable it become. Sellers can sell diamond in a very high price because it's limited, not many people can get their hands on it.

    That's why you cannot sell breathing air because it's unlimited and all people can easily get it
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A basic concept in economics is that all resources are limited. allocated. valuable. renewable ...” 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
Choose all that apply. Select each type of credit. credit card installment account loan automatic credit service credit
Answers (1)
Short-term bonds are generallya. less risky than long-term bonds and so they feature higher interest rates. b. less risky than long-term bonds and so they feature lower interest rates. c.
Answers (1)
Which statement best describes an effect of the baby boom generation today? The US population is becoming more diverse. (wrong) The US population is becoming older. The US population is becoming younger. The US population is becoming healthier.
Answers (2)
Once sean and chloe finish their discussion of loss, karen pipes up and says, "now that we know where our needs are, i think our goal should be to submit a comprehensive strategic plan by the end of the month.
Answers (1)
Regarding the economy, what are the terms expand and contract generally used to describe? a. changes in monetary and fiscal policy b. rising and falling levels of budget deficits and debt c. fluctuations in economy d. changes in tax revenue
Answers (1)
New Questions in Business
1. An ATM card is used on January 24 to withdraw cash. What is the balance after this transaction?
Answers (1)
Which task would most likely be completed by fraud examiner
Answers (1)
how do i make a resume im trying to get a job for the summer to make some money but i dont know how to make one
Answers (1)
Adonis Corporation issued 10-year, 8% bonds with a par value of $200,000. Interest is paid semiannually. The market rate on the issue date was 7.5%. Adonis received $206,948 in cash proceeds. Which of the following statements is true? A.
Answers (1)
Which type of group leadership has a communication pattern that flows from the top down?
Answers (1)
Home » Business » A basic concept in economics is that all resources are limited. allocated. valuable. renewable
Sign Up Forgot Password?