Exam (elaborations)
Resources And Scarcity Assignment Detailed Questions And Expert Answers
- Course
- Resource Scarcity
- Institution
- Yale University
Resources And Scarcity Assignment Detailed Questions And Expert Answers
[Show more]
Content preview
Resources And Scarcity Assignment DetailedQuestions And Expert Answers
What issue results from the combination of limited resources and unlimited
wants? - ANS scarcity
Resources are things people use to make goods and provide. - ANS services
The resources used to create goods and services are divided into three main
categories: land, labor, and - ANS capital
Trees, solar energy, and water are examples of: - ANS renewable resources
According to the rules of economics, all resources are in their supply. The wants
and needs of people are. - ANS 1. limited
2.unlimited
The more scarce a resource is, the people are willing to pay for it. The principle of
scarcity forces people to. - ANS 1. more
2. make choices
Based on the information presented in this scenario, what can you determine
about the copper piping? - ANS Copper is a scarce resource, which increases its
value.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Schoolflix. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72349 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now