Because the world has limited resources, what do people have to make?

demands
choices
scarcity
opportunity costs

Answers

Answer 1

Answer:

choices

Explanation:

Due to limited resources in a our wold, people have to make do with choices because it is nearly impossible to have all what we want.

The two main problems in economics revolves round:

Limited resources Unlimited wants

The cost of choosing one item over another and forgoing it is called the opportunity cost.

Choices are often made by drawing up a scale of preference from which the most pressing needs can first be attended to. If there are enough resources, there wouldn't be a need to make choices when demanding for certain goods and services.
Answer 2

Final answer:

Because of the world's limited resources, people must make choices under the condition of scarcity, which involves the opportunity cost of forgoing the next best alternative. Scarcity drives economic systems and decision-making processes within them, influencing how resources are allocated.

Explanation:

Understanding Economic Choices and Scarcity

Because the world has limited resources, people have to make choices. Scarcity is a fundamental economic problem where the wants and demands of individuals and society as a whole exceed the resources available to satisfy them. Every choice made has an associated opportunity cost, which is the value of the next best alternative that is forgone when a decision is made. Whether it is an individual deciding how to spend their time or a government allocating resources for public projects, decisions must account for the inherent scarcity of resources.

Scarcity leads to trade-offs, compelling individuals, businesses, and governments to prioritize and decide between competing alternatives. The limited nature of resources means individuals cannot have everything they desire, thus the concept of scarcity directly influences economic systems and the choices made within them. These choices reflect the allocation of resources such as labor, land, and capital—and how they are put to use in producing goods and services.

Ultimately, the concept of scarcity is central to understanding economics. It is what drives the need for an economic system and helps to explain behaviors and patterns observed in the circular flow model of economies. The scarcity of resources, including the finiteness of time, makes the study of economics crucial to managing the ways in which these limited resources are distributed and used to fulfill human needs and wants.


Related Questions

Why would a government put a restriction on the number of goods that can be imported into their country?

Answers

Answer:

Governments restrict imports for four basic reasons: For some governments, particularly in the developing world, tariffs provide a significant source of government revenues

The amount of heat required to raise the temperature of 1 kg of a substance by 1°C is the definition of
which term?

Answers

Answer:

The amount of energy required to raise the temperature of 1Kg of a substance by 1°C is known as 'specific heat' and this varies from substance to substance. The unit of measurement is 'Joule' - the energy dissipated as heat when an electric current of one ampere passes through a resistance of one ohm for one second

Explanation:

_______ winds are those that usually blow in one direction in a region.


Prevailing

Seasonal

Trade

Answers

Answer:

Trade Winds

Explanation:

Trade Winds must be the answer as Trade winds only blow for either north to south or south to north and this usually occurs at sea

Answer: Prevailing Winds

Explanation: They blow in one direction over a specific area

Some migrant workers in the United States travel the same route from the south to the north each summer to work as laborers in Fields this is referred to as

Answers

Answer:

Migrant farmworkers.

Explanation:

Migrant farmworkers are those migrant workers which goes from one place to another for work at agricultural farms at the harvesting month of crop or picking time of different fruits from trees. Migrant farmworkers are also known as migrant agricultural workers. These migrant workers work in a field as laborers and when the work is done, they go to their places from where they have come.

The diameter of Earth is 12,756 km. How many times greater is the sun’s diameter than the diameter of Earth? Show the math.

Answers

Final answer:

The sun’s diameter is approximately 1.39 million kilometers, which is about 109 times greater than Earth’s diameter of 12,756 km.

Explanation:

The question asks how many times greater the sun’s diameter is than the diameter of Earth. Given that Earth's diameter is approximately 12,756 km, we can compare this to the sun's diameter. The sun’s true (linear) diameter is approximately 1.39 million kilometers, which is about 109 times the diameter of Earth.

To show the math, we perform a simple division:

Sun's diameter / Earth's diameter = 1,390,000 km / 12,756 km ≈ 109

Therefore, the sun's diameter is roughly 109 times greater than that of Earth.

3. Buddhism began in this location:
The Fertile Crescent
The Indus Valley
The Nile Delta
The Shia Crescent

Answers

Answer:

in the indus valley

Explanation:

hope this helps you!

The geological era about which we have the least information

Answers

Answer:

im not very sure on this one but im pretty sure it would be BC

Explanation:

we dont know anything about humans or animals or how and where they lived.

The Precambrian Era is the longest era with the least amount of scientific information available. This is because so few fossils have been discovered.

Which form of government does Morocco have? socialism democracy communism constitutional monarchy

Answers

Answer: Morocco is a parliamentary constitutional monarchy.

Explanation:  the government of the country is led by the Prime Minister of Morocco. Under this form of government, the monarch performs governmental functions with regulations to the Constitution. I hope this helps :).

Answer:

constitutional monarchy

Explanation:

Explain how overfishing is an example of the tragedy of the commons.

Answers

The tragedy of the commons is a situation in a shared resource system where individuals users, acting independently according to their own self interest, behave contrary to the common good of all users by depleting or spoilt the shared resource through their collective action.

Overfishing is an example of the tragedy of the commons because multiple people are fishing for their own gain disregarding the negative effect depleting fish from the ocean can have. In this case the ocean is the shared resource system being spoiled through collective action.

Hope this helps :)

Overfishing is an example of the "tragedy of the commons," where multiple parties tend to overuse a centralized repository, depleting it.

What is overfishing?

Overfishing is a classic case of the tragedies of the legislature because as fishing equipment advances and demand rises in response to overpopulation, someday fishing will outpace fish reproduction in the area.

Overfishing occurs when an excessive amount of fish are caught all at once, depleting the breeding stock beyond its ability to recover. Overfishing frequently coexists with inefficient commercial fishing practices that bring in enormous quantities of undesired fish and other animals that are later abandoned.

It can alter the proportion of fish that remain, their reproductive habits, and how quickly they grow.

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the map below shows the location of some natural resources in north america. according to the map, which natural resources is found in canada, the united states, and mexico??
A. Uranium
B. Lead
C. Iron
D. Gold

Answers

D gold
c iron

needed more letters sooooooooo

Answer:

C. Iron

Explanation:

It is Iron because it is asking which resources does United States, Canada and Mexico have all together and if you look at  the map the same resource they have in common is iron

what creates Ocean currents​

Answers

Answer:

Upwelling and Downwelling

Explanation:

The Earth's oceans have differing temperatures and sediment levels.  Water with more sediment is usually colder, and thus is more dense and sinks.  Water with less sediment is usually warmer, and thus is less dense and floats.  Through a global conveyor belt of water, cold water starts at the the poles, cycles to the equator, where it is warmed, and then cycles back to the poles.

Ocean currents can be caused by wind or density differences

Fill in the blanks ​

Answers

high and flat is the correct answer by my knowledge in geography

28. Which of the following threaten the wet lands of Northern Europe?
Select the 3 that apply then give an example for each:
land development
nuclear power plants
drainage for peat production
am construction
bottom trawling
increased ship traffic

Answers

Land Development
Am Construction
Bottom Trawling


Animals often behave in certain ways that can increase their reproductive success. Read the passage about a specific animal behavior. Then, follow the instructions below.
Fifteen-spined sticklebacks are small fish that live in the northeastern Atlantic Ocean. Male sticklebacks build nests for their eggs. Then, the males mate with multiple females. After a male mates with a female, she lays eggs in the male's nest and then leaves. The male guards his nest until the eggs hatch. As he guards the nest, he waves his fins near the eggs for short periods of time. This behavior is called fanning.
By fanning his nest, a male stickleback can help bring fresh water and nutrients to the eggs. The more frequently a male fans his eggs, the more eggs hatch.
Why might fanning eggs increase the reproductive success of a male fifteen-spined stickleback? Complete the claim below that answers this question and is best supported by the passage.

Fanming eggs increases the chance that........................................................................................

A: The male will build a nest for female to lay eggs in.
B: The male will spend more energy while waving his fins.
C: The male's offspring will become adults.

Answers

Answer:

c. offspring will become adults.

Answer:

C

Explanation:

Increased urbanization leads to a phenomenon called

Answers

The phenomenon has been closely linked to modernization, industrialization, and the sociological process of rationalization. Urbanization can be seen as a specific condition at a set time (e.g. the proportion of total population or area in cities or towns), or as an increase in that condition over time. I hope it help you!!!!!

Answer:

urbanization

Explanation:

answer above

.All of the following are true about the Arab Empire EXCEPT—
they tolerated monotheistic religions as long as people paid a tax.
it was easily conquered because Islam is nonviolent.
its first leader was Muhammad.
people joined it after seeing its strong fighting force in action.

Answers

Answer:

Except they tolerated monotheistic religions as long as people paid a tax.

Explanation:

The three major monotheistic religions, Judaism, Christianity, and Islam originated in what is known today as the Arab world and are still predominant with rare expetions of minority groups who are very often subjected to abuse and suppression of human rights, especially right to religion.

The Arab World, most particularly countries under current Arab empire had in pre-Islam period tradition of polytheistic religions.

what is the answer 50 points

Answers

Answer:

motion is something moving or you moving it by pulling it or also pushing it away or toward you. This is important because this is how force works too. This is also a important to our world.

Explanation:

Motion is the movement of something or someone. When motion happens there is a change in position over time. Motion was developed about 300 years ago by Isaac Newton when he discovered all objects move according to the three basic laws. When learning about physics motion is the study of how things move.

1. What are renewable energy technologies? What three aspects are used to
something is considered a renewable energy technology?

Answers

Answer:

Renewable energy technologies produce power, heat or mechanical energy by converting those resources either to electricity or to motive power.  solar energy, wind, falling water, the heat of the earth (geothermal), plant materials (biomass), waves, ocean currents, temperature differences in the oceans and the energy of the tides.

Explanation:

Final answer:

Renewable energy technologies are energy sources that can be replenished within a short timeframe. They include wind, solar energy, hydropower, geothermal energy, and biofuels. These technologies must satisfy three criteria to be considered renewable.

Explanation:

Renewable energy technologies are sources of energy that can be replenished within a short timeframe. These include wind, solar energy, hydropower, geothermal energy, and biofuels. To be considered a renewable energy technology, three aspects are used:

The energy source must be able to regenerate itself or be replenished within a human lifespan.

The energy source should not deplete or harm the environment significantly.

The energy source should have a minimal impact on climate change.

For example, wind turbines convert the kinetic energy of moving air into electrical energy, and solar panels harness sunlight to produce electricity. These technologies are considered renewable because the wind and sunlight are constantly available and can be used without depleting natural resources.

More than 1.5 billion people around the world don't have electricity. That is about 25% of the world's population and almost 80% of
people in the developing world. The Portable Light Project is working to bring cheap, affordable energy to billions of people without
power. This inexpensive, portable resource includes LED's, a rechargeable battery source and utilizes
wind power.
solar energy
C
nuclear power.
D)
mechanical energy.

Answers

Answer:

Solar energy

Explanation:

The project provides material kits valued at $16, including a flexible reflective panel, a rechargeable battery, a USB port and a high brightness LED. The source of energy for this devise is solar energy, available everywhere on Earth.

This inexpensive, portable resource includes LED's, a rechargeable battery source and utilizes solar energy.

What is solar energy?

Solar energy is the radiant heat and light that the Sun emits, and it is captured using a variety of technologies, including solar thermal energy, solar power, and solar architecture.

It is a crucial source of renewable energy, and depending on how solar energy is captured, distributed, or transformed into solar power, its technologies are often classified as passive solar or active solar.

Using photovoltaic systems, concentrated solar electricity, and solar water heating are examples of active solar approaches.

A building's orientation toward the Sun, the use of materials with favorable thermal mass or light-dispersing qualities, and the creation of naturally ventilated rooms are all examples of passive solar approaches.

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What are the effects of the elliptical shape of the earth

Answers

Answer:

Rather, the elliptical orbit affects the length of the seasons, which — along with other orbital effects — triggers the ice ages. Currently, in the northern hemisphere, summers are longer than winters, because of Kepler's orbit laws and the fact that perihelion is in the northern hemisphere winter.

When the Earth's orbit is more elliptical, the planet spends more time farther away from the sun, and the Earth gets less sunlight over the course of the year. These periods of more-elliptical orbits are separated by about 100,000 years.

What is the cause of the elliptical shape of Earth?

The Earth is clearly at some levels hotter at aphelion in July. The reason for this is that the southern hemisphere is especially the ocean. Water retains warmth an awful lot higher than land and retains heat within the southern wintry weather months. Perihelion is getting later via about a day every 70 years due to precession.

What effect does the elliptical shape have on the speed of the orbiting object?

Satellite tv for pc orbiting in elliptical movement will accelerate as its top (or distance from the earth) is decreasing and slow down as its peak (or distance from the earth) is increasing.

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what causes a volcanic eruption

Answers

Answer:

Volcano eruptions happen when magma erupts from beneath the Earth's crust.

Explanation:

When a volcano erupts, the magma becomes lava and shoots into the air, eventually running down the side of the volcano.

Increased algae growth is the final stage of eutrophication of a body of water.

True or
False

Answers

Hi there! I see you need some help! Don’t worry, I got you covered :))

Increased algae growth is the second step of eutrophication. The last step of this process would be the dying of the animals living in the water bodies.

So, to answer your statement, it is false.

Hope this helps you out!

-Namira

Increased algae will not result in the growth of the final stage of eutrophication of a body of water. However, the statement is false.

What is algae?

It is an informal term that is used for a large and diverse group of photosynthetic eukaryotic organisms. It includes species from multiple distinct clades and is a polyphyletic grouping.

When the algae eventually die and bacteria decompose them, both the dead plants and the dead algae further use up the oxygen in the pond or lake. This will result in the decomposition of the dead plants and algae.

Therefore, the given statement is false.

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Plzzhelp! How does geography influence spatial patterns?

Answers

Explanation:

Settlements provide a spatial focus for most human activity, and therefore also strongly affect local land cover, water quality, and biodiversity. Analyzing the spatial patterns of settlements can contribute to greater understanding of land use changes, ecological processes, cultures and lifestyles, etc

Hope this helps.. even a little...

Final answer:

Geography influences spatial patterns through physical features, climate, human factors, and access to resources.

Explanation:

Geography influences spatial patterns in various ways. For example, physical features such as mountains, rivers, and coastlines can create barriers and influence the distribution of settlements. Climate and weather patterns can affect the types of vegetation and wildlife present in an area, which in turn can impact human activities and occupations. Access to natural resources like water and minerals can also shape spatial patterns by attracting or repelling human populations.

Additionally, human factors such as culture, language, and political boundaries can influence spatial patterns. Different cultures may have different settlement patterns or land use practices. Language can shape the distribution of languages and dialects across a region. Political boundaries can determine the organization of cities and governments.

Overall, geography plays a crucial role in shaping spatial patterns by influencing both the physical and social aspects of an area.

Put these countries in order according to area, from largest to smallest! Russia, canada,china,usa

Answers

Russia Canada USA China
Russia (largest)Canada USA China (smallest)

To answer this question, first, we need to find each country´s area:

Russia: 6,601,668 square miles.

Canada: 3,855,103 square miles.

China: 3,705,407 square miles.

United States: 3,796,742 square miles.

Then, rearrange them accordingly, from largest to smallest. Russia, with over 6 million square miles is the largest, and China, with 3,705,407 square miles would be the smallest out of the countries provided.

Take into consideration that these numbers include the total area of each country, including both land and water areas within the international boundaries.

Considering their area, the correct orfder from largest to smallest is

Russia 6,601,668 square miles.Canada 3,855,103 square miles.USA 3,796,742 square miles.China 3,705,407 square miles.

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do convection currents occur in the upper mantle?

Answers

Answer:

Yes

Explanation:

Heat in the mantle comes from the Earth's molten outer core, decay of radioactive elements and, in the upper mantle, friction from descending tectonic plates. ... While conduction seems the more obvious method for heat transfer, convection also occurs in the mantle.

yes

explanation:
i had the same question

46. How do geographers use technology? Write one to two paragraphs in which you discuss
various technical tools and how they help geographers better understand and explain the
human and physical world.

Answers

What tools do geographers use to understand the world? 1.) Geographic maps/charts 2. ... What are two ways geographers describe the location of a place? 1.

Geographers generally use the satellites, GPS, and GIS in order to collect and portray the information about the earth.

What tools do geographers use explain the human and physical world?

Geographers are the physical scientist, social scientist or humanist whose main area of study is geography, which include the study of the Earth, the distribution of its land, features etc. They use maps and global positioning systems(GPS) in their study.

Geographers uses the computer-based tools, Geographic Information System(GIS) to analyze the information. GIS helps the geographers in storing the data into a georeferenced database which can be viewed via maps.

The major tools that the geographers use to understand and explain the human and physical world are the GPS, Maps, Satellites, Sonar etc.

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Water sources in the Alps are often used for to regulate the level of the North Sea. true or false

Answers

Answer:

False

Explanation:

They are not often used for to regulate the level of the North Sea

Water sources are not used in the alps to regulate the level of the North Sea



What provides the power to change igneous, sedimentary, and metamorphic rocks into sediment?

Answers

Weathering and erosion

Over the last 50-100 years, the population of most penguin species has declined close to _____%.
A) 50
B) 75
C) 80
D) 90

Answers

Answer:

B

Explanation:

I learned this in school

Over the last 50-100 years, the population of most penguin species has declined close to 75%.

Why population of the penguin is declined?

Researchers examining chinstrap penguins in the Antarctic have discovered significant population declines in many colonies, with some dropping by as much as 75% since the last survey nearly 50 years ago.

Thus, option B, 75% of the penguin's population has declined.

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Coastal areas tend to have a ______ variation between seasons?

High or low

Answers

I think is gonna be
Other Questions
A restaurant wants to test a new in-store marketing scheme in a small number of stores before rolling it out nationwide. The new ad promotes a premium drink that they want to increase the sales of. 20 locations are chosen at random and the number of drinks sold are recorded for 2 months before the new ad campaign and 2 months after. The average difference in nationwide sales quantity before the ad campaign to after (after - before) is -1 with a standard deviation of 6.05. Using this information, they calculate a 95% confidence paired-t interval of (-3.83, 1.83). Which of the following is the best interpretation? 1) We are certain the average difference in sales quantity between after the ad campaign to before for all stores is between -3.83 and 1.83.2) We are 95% confident that the difference between the average sales after the ad campaign and the average sales before the ad campaign is between-3.83 and 1.83.3) The proportion of all stores that had a difference in sales between after the ad campaign to before is 95%. 4) We are 95% confident that the average difference in the sales quantity after to before of the stores sampled is between -3.83 and 1.83. Measurements of two electric currents are shown in the chart. A 3-column table with 2 rows titled Electric Currents. The first column labeled Current has entries X, Y. The second column labeled Volts has entries 1.5, 9. The third column labeled Amperes has entries 7.8, 0.5. Which best compares the two currents?Current X has a greater potential difference, and the charges flow at a slower rate. Current Y has a greater potential difference, and the charges flow at a slower rate. Current X has a greater potential difference, and the charges flow at a faster rate. Current Y has a greater potential difference, and the charges flow at a faster rate. 2K + 2HBr 2 KBr + H2When 5.5moles of K reacts with 4.04moles of HBr, to produce Hydrogen gas(H)a). What is the limiting reactant?b.)What is the excess reactant? 2K + 2HBr 2 KBr + H2When 5.5moles of K reacts with 4.04moles of HBr, to produce Hydrogen gas(H)a). What is the limiting reactant?b.)What is the excess reactant? 2K + 2HBr 2 KBr + H2When 5.5moles of K reacts with 4.04moles of HBr, to produce Hydrogen gas(H)a). What is the limiting reactant?b.)What is the excess reactant?C.)How much product is produced? While lawmakers might generally agree that a large infusion of public funds to the public education system along with a dramatic reform of the public structure would optimize the outcomes of student performance in public education in Texas, they may choose to continue making incremental increases in funding and tweak the funding structure during each session in a practice referred to as what? Evaluate the arithmetic series described : 2+(-2)+(-6)+(-10)...,510 evaluate 3/2 y - 3 + 5/3 z when y = 6 and z= 3 Which elements have similar behavior?A. BariumB. SiliconC. AluminumD. StrontiumE. OsmiumF. Beryllium Tim and Cynthia leave Cynthia's house at the same time. Tim drives north and Cynthia drives west. Tim's average speed is 10 mph slower than Cynthia's. At the end of one hour, they are 70 miles apart. Find Cynthia's average speed. (Round your answer to the nearest tenth.) 7. Choose either Exxon or Penny's Pickles and describe two reasons why the stock price could rise and two reasons why the stock price could fall. Mixed Costs and Cost Formula Ben Palman owns an art gallery. He accepts paintings and sculpture on consignment and then receives 20% of the price of each piece as his fee. Space is limited, and there are costs involved, so Ben is careful about accepting artists. When he does accept one, he arranges for an opening show (usually for 3 hours on a weekend night) and sends out invitations to his customer list. At the opening, he serves wine, soft drinks, and appetizers to create a comfortable environment for prospective customers to view the new works and to chat with the artist. On average, each opening costs $600. Ben has given as many as 20 opening shows in a year. The total cost of running the gallery, including rent, furniture and fixtures, utilities, and a part-time assistant, amounts to $120,000 per year.Required:1. Assume that the cost driver is number of opening shows. Develop the cost formula for the gallery's costs for a year.2. Using the cost formula developed above, what is the total cost for Ben in a year with 12 opening shows?$Using the cost formula developed above, what is the total cost for Ben in a year with 14 opening shows?$ Which sentence correctly uses a comma to separate coordinate adjectives?My father bought a new, wood desk for his office.A red, rusty gate blocked the opening of the trail.A cool, chocolate milkshake tastes great on a hot day.My sister drives a bright, pink minivan to work every day. 8i / 32iIf the expression above is rewritten in the form a+bi, where a and b are real numbers, what is the value of a? (Note: i=1) A chip company has two manufacturing plants. Plant A produces 40% of the chips and Plant B produces 60% of the chips produced by the company. The company knows that 2% of the chips produced by plant A are defective and 1% of the chips produced by plant B are defective. If a randomly chosen chip produced by the company is defective, what is the likelihood that the chip came from plant A Whats 2x+4 equal because Ive been thinking what it was what is the cold war and why is it important in history Which excerpt from Dispatches is an example of paradox? Which areas of US life were addressed by Johnsons Great Society? Check all the boxes that apply.2,3,4,5 Find the value of 4x^2 2y when x = 3 and y = 2. claris brought 8 tickets for a total cost of $104. she had used a coupon code to get $3 off each ticket. let x be the original cost of each ticket. write an equation that correctly represents the situation. - 3 when x = -2?What is the point on the graph of the function f(x) = (x +Enter your answer in the boxes.THESE