abura002
abura002 abura002
  • 14-04-2020
  • Business
contestada

what's the law of scarcity?

Respuesta :

ysejesus40992
ysejesus40992 ysejesus40992
  • 14-04-2020

Answer:

The law of scarcity simply notes that economic resources — land, labor, capital, and talent — are limited, not infinite. This assumption is easily verifiable by noting that if resources had been infinite, everything should have been free; because it is not, scarcity must exist

Explanation:

Answer Link

Otras preguntas

Why was The Preamble important in 1787 and still is today? PLSS ANSWER 30 POINTS.
What is the speed of a plane that travels at a rate of 520 mph against a wind of r mph?
Plz help! Algebra polynomial question
HELP ASAP PLZ. BE SURE Identify the wave that has the… . Longest wavelength: Highest amplitude: Shortest wavelength: . Least energy: Loudest sound: Hi
What changes occurred in the early years of the English settlement at Jamestown?
A prism is dilated by a factor of 1.5. How many times larger is the volume of the resulting prism than the volume of the original prism? Enter your answer
what is the distance between -7 and 9 on a number line
Valentina invested 6500 in a savings account with a yearly interest rate of 4% for 7 years. How much simple interest did she earn?
what are thing from the sixties
For the limit lim x → 2 (x3 − 5x + 5) = 3 illustrate the definition by finding the largest possible values of δ that correspond to ε = 0.2 and ε = 0.1.