Which phrase best defines scarcity?
A. a state in which productive resources are not enough to create a given good or service
B. a state in which human wants are greater than the resources available to fill those wants
C. a state in which too few choices exist for a consumer to fulfill needs and wants
D. a state in which the opportunity costs of a given choice are less than the benefits of a given choice
I believe the answer is B, as scarcity is having limited resources for unlimited wants.
1. A
2. B
3. C
4. C
5. A
6. B
7. A, F
8. A
Thnx guys I took the test and got a 100% just now.
To correct @based raya: Answers
1. B
2. B
3. C
4. C
5. A
6. B
7. A, F
8. A
These are the answers (again) and I'm giving credit to @based raya for giving the answers out.
TSYM guys.
based raya number 1 is b for the Trade Quiz 7b for Connexus alabama but the rest are right :P
Yo hers the non lieder answers so you don't fail like me:
1. a state in which human wants are greater than the resources available to fill those wants
2.They provide tools that make production more efficient.
3.being able to see a new movie
4.making less money
5.For whom to produce
6.Students would be less likely to break the rules, because punishments have become worse.
7.lower prices,increased consumer choice
8.making it illegal to hire workers in other countries
Yo hers the non lieder answers so you don't fail like me:
1. a state in which human wants are greater than the resources available to fill those wants
2.They provide tools that make production more efficient.
3.being able to see a new movie
4.making less money
5.For whom to produce
6.Students would be less likely to break the rules, because punishments have become worse.
7.lower prices,increased consumer choice
8.removing tariffs from imported goods
thanks to Zee for correcting my mistake, and remember you can always trust a Widow.
1 is B today
Thank you! It was correct.
yes u are correct amoomimous correction tho (anonymous)is how u spell it:)
@ARandomkidFromConexus#2
Sorry if name is wrong but answers are right I did the test 100%
The correct answers are!
1.B
2.B
3.C
4.C
5.A
6.B
7.A,F
8.A
I know these are correct because I just finished taking the quiz! The last one stumped me so just copy these answers or just copy the answers that WIDOW scene they have the words in place but just to let you know. Number 8 is "removing tariffs from imported goods". Good luck with your work! 👍🏾