In a least 150 words answer the following question. Which of the three economic systems (market, planned, and mixed) do you believe address the issue of scarcity the best? Give two examples of why this system is superior to the other choices.

Answers

Answer 1
Scarcity is the fundamental challenge that all individuals and nations must confront. Everyone faces some limitations, so we all have to make choices where we limit or allow ourselves to something.

Economists generally recognize four types of economic systems traditional, traditional, command, market and mixed.

A traditional economic system is shaped by tradition. The work that people do, the goods and services they provide, how they exchange resources… all tend to follow a pattern. The traditional system is bad at addressing scarcity because scarcity is formed off of new requirements people have through the ages and a traditional system would not evolve just as our requirements would.

In a planned economy, the government controls the economy. The state decides how to use and distribute resources. The government regulates prices and wages; it may even determine what sorts of work individuals do.
Socialism is a prime example of a planned economy. Socialism does not work because it is not consistent with the fundamental principles of human behavior. The failure of socialism in countries around the world can be traced to one critical defect: it is a system that ignores incentives.

Market economies allow all economic decisions to be made by individuals. The unrestrained interactions between individuals and companies in the marketplace determine what happens to all the good and resources.Individuals choose how to invest their personal resources and individuals decide what to consume. Within a pure market economy,  the government is entirely absent from economic affairs.

A mixed economic system combines elements of the market and command economy. Many economic decisions are made in the market by individuals. But the government also plays a role in the allocation and distribution of resources.

If scarcity is looked at on a macro level, the best economic system is mixed because it allows the government to also plays a role in the allocation and distribution of resources, while the individuals still stay happy because they have some control. The only problem is the eternal question of what the right mix between the public and private sectors of the economy should be.

There is no point to look at it on a micro level because almost no country is small enough to be considered on that level.









Answer 2

Answer:

I believe that the planned economic system is the most effective to combat scarcity problems.

Explanation:

The planned economy is one where all the production of national goods and services is totally and previously planned by a group of economic experts who know well the means of national production and the amount of consumption that the country's population establishes. For this reason, this type of economic system is able to predict moments of scarcity by developing guidelines to avoid them, they are also able to avoid problems of scarcity, since everything is highly planned.


Related Questions

Was Italy a member of the allies or central powers

Answers

Italy originally was part of the Central Powers but then turned away and eventually joined the Allies later on in the war.
During June 1940, Italy decided to side with the Central Powers. When the Allies took over Sicily in July 1943, Italy withdrew from their alliance with the Central Powers and joined the Allies.

Do you think Bolivar policies in dealing with the Spanish and the American were fair?

Answers

nooooooooooooooooooooo
I don'ttttttttttttttttttttttt

Write a paragraph that discusses the causes and effects of the Crusades. What caused the Crusades and what happened because of them? Please put the correct answer. DON’T guess on it, I need a good grade!!

Answers

The reason and cause of the crusades was a war between Christians and Moslems which centered around the city of Jerusalem and the Holy places of Palestine. The City of Jerusalem held a Holy significance to the Christian religion.   Two major effects of the Crusades were that the kings' authority increased and the Europeans learned about new things from the Muslims they encountered. During the Crusades, the kings increased taxes to fund the cause. Many peasants also left their land to fight, and when they died, the land went to the king.



According to Dr. King's speech, which form of protest is he MOST likely supporting? A) boycott B) marching C) picketing D) rioting

Answers

Most likely A with the information given 

This speech was given to motivate people involved in the Montgomery Bus Boycott of the mid-1950s. This peaceful economic demonstration was enormously successful, resulting in not only the end of discrimination in the cities busses but also in putting King into the national spotlight..

Boycott is the answer


Which of the following was a female emperor of the Tang Dynasty?

A. Li Yuan
B. Li Shimin
C. Empress Wu
D. T'ai-tsu

Answers

Answer:

Empress Wu

Explanation:

bc it literally says empress which is the female version of emperor

Which sentence describes how romantic thinkers contributed to nationalist feelings in Europe?

They tried to apply reason to look for solutions to political problems.

They introduced the idea that each nation had its own unique abilities.

Their art made individuals feel powerful, despite being part of a big empire.

Their art glorified abstract ideals that supported the state's order and structure.

Answers

The correct answer here is the second option.

Romanticist advocated the idea that each nation had unique abilities and these tendencies were later grouped in what is known as Romantic nationalism or national romanticism. For them the country is a organic unity of people that the nation is made of and their language, culture, religion and the customs of the nation.
The best sentence that describes how romantic thinkers contributed to nationalist feelings in Europe is that They introduced the idea that each nation had its own unique abilities. They were there to uplift the spirit of nationality amongst the citizens and that they can be free if they will be united.

the name of henry clay plan to improve the nations economy was called the ... system

Answers

Answer:

American

Explanation:

Answer:

America

Explanation:

It was called the American System

TRUE or FALSE; Voltaire believed that people by nature were good but that society corrupted them.

Answers

Voltaire believed that people by nature were good but that society corrupted them. The answer is false! I just took a quiz and got it wrong for putting true!

Hope this helps :)

Voltaire believed that people by nature were good but that society corrupted them. this statement is "False"

Who was Voltaire?

François-Marie Arouet, known by his nom de plume Voltaire, was a French Enlightenment writer, historian, and philosopher famous for his wit, his criticism of Christianity. Voltaire believed social progress could be achieved through many reasons and that no authority—religious or political or otherwise—should be immune to challenge by reason. He emphasized in his work the significance of tolerance, especially religious tolerance

Hence, "False" is the correct answer.

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What are three things that khosrau

Answers

He rebuilt canals, established a tax system, and established new cities

What condition best belongs on the chart ?

Answers

marketing encouraged use of credit

why didn't the united states try to stop the soviets from building berlin wall?

a) U.S. corporations benefited from the sale of building materials to the Soviets

b) The people of West Berlin needed a barrier to keep the Soviet police out

c) Kennedy and other Western leaders believed that the city should be physically divided

d) Kennedy worried that an attempt to stop the construction might spark a nuclear war

Answers

The correct answer is D.

Answer:

D) Kennedy worried that an attempt to stop the construction might spark a nuclear war

What from of travel greatly helped with the industrialization of North America in the 1800s?

Answers

The form of travel that greatly helped with the industrialization of north america was the steam engine or wagon.... (only two i remember being in the 1800's that were used a lot could even be the steam boat)

Answer:

rail roads

Explanation: Im taking the penn foster test

A political conservative probably favors a balanced budget. true or false

Answers

your answer will be true
Your Answer is True! :)

what was the topic of the Seneca Falls convention?
A. women's suffrage
B. Limits on immigration
C. Lower interest rates
D. African American civil rights

Answers

The topic of the Seneca Falls convention was A. Women's suffrage
A. women’s suffrage is the answer

Does the Ohio constitution of 1851 allow more or less popular sovereignty

Answers

Answer:

The Ohio Constitution of 1851 allows for more popular sovereignty.

Review the map above. Based on this map, which of the following is a valid conclusion about the routes titled "Other Major Routes"?

A. They ended before the tribes reached reservation lands.
B. They covered regions that were empty of natural resources.
C. They were the most difficult because of mountain ranges.
D. They were the most direct of those shown in the map.

Answers

Answer:

Explanation:

Originally, the Five Tribes lived in the Southeast. The Choctaw and Chickasaw lived in what is now Mississippi. The Creek and Cherokee lived in Alabama and Georgia, and the Seminole lived in Florida. Because of the desire of settlers to take this land, the federal government removed these tribes and sent them to Indian Territory. The tribes traveled hundreds of miles over land and by boat to make it to their destination.

what raises concerns about Russia's legitimacy as a democracy ?


Answers

while Russia holds periodic elections and her leaders get into office through popular mandate,the process itself is not fair and credible,despite it being free.
The Russian government led by Putin has a history of silencing dissent voices, and curtailing of fundamental freedoms of a democracy such as free speech,free press and freedom of association.

Which geographic area had the most population and economic activity during the colonial period

Answers

Latin America was the geographic area had the most population and economic activity during the colonial period. This area is rich in minerals and raw materials in which these were traded by other countries. This has also the most number of nations inside it.
I would say North of the Ohio River,not really sure.

What’s the relationship between racism and segregation

Answers

Racism is the practice of prejudice and or discrimination against someone because of their race, segregation is the act of separating people because of their race/ethnicity/etc. Segregation is almost always racism, but racism is very rarely segregation. 
Segregation happens due to racism.

Brainiest for the person that gets all 4 right!
Question 1
Identify the methods used to compensate for the scarcity of resources in the ancient world.

Trade and migration

A) Spread knowledge of agriculture to humans around the world
B) Prevented human development of language and other ideas
C) Was not a part of human life until only the last 2,000 years
D) Encouraged most human groups to maintain a nomadic life

Question 2
Identify the methods used to compensate for the scarcity of resources in the ancient world.

How were resources used differently in the Neolithic Era?

A) Humans had one specific use for each resource available.
B) Humans developed multiple uses for their resources.
C)Humans used all of a resource before trying others.
D)Humans created detailed plans for resource use.

Question 3
Identify the methods used to compensate for the scarcity of resources in the ancient world.

Domestication is the

A) Ability for humans to live peacefully with other humans in a settled community.
B) act of humans building a permanent settlement using materials available close by
C)preference of ancient humans to live in temporary settings and hunt for their food
D)process of changing the growth of plants or behavior of animals to be useful for humans

Question 4
Explain how the physical landscape has affected the development of agriculture and industry in the ancient world.

How did Neolithic farmers adapt to mountains and hills?

A)They only used them to build homes.
B)They stayed away from sloped land.
C)They built terraces for growing crops.
D)They grew crops at the top of them.

Answers

1=D
2=B
3=D
4=C
Tell me how I do

Answer:

The answers are:

Explanation:

1. A) Spread knowledge of agriculture to humans around the world

2. B) Humans developed multiple uses for their resources.

3. D) process of changing the growth of plants or behavior of animals to be useful for humans

4. C)They built terraces for growing crops.

President Roosevelt and the members of his administration gave speeches that warned of Japan’s rising power in the Pacific. What was the point of the speeches?

Answers

They basically said these speeches to warn japan and all the other countries
to warn japan"s rising power in the pacific.

Jared opposes offshore drilling while Samantha favors it. Jared says that in the long run, we will run out of oil, so it is best to start looking for alternatives now. Samantha suggests that offshore drilling will help us reduce our dependency on foreign oil. With which of the following would both Jared and Samantha agree?

Answers

i think it is b hope this helps


The answer is...

D.  We must find a way to become less dependent on foreign oil.

They would both agree on this.

what was the biggest argument Martin Luther had against the church in his 95 Theses

Answers

In the 95 Theses, Luther argued against the church's sale of indulgences.  Indulgences were papers from the pope that offered people release from penance they owed for their sins. These theses, posted October 31, 1517, created much furor in the church because indulgences were a major source of church income.  Luther argued that if the pope really had power to remove people's penalties for sin, he should do so freely for all.

It would be good for you to know that several weeks before the famous 95 Theses, Luther had writted "A Disputation against Scholastic Theology," a set of 97 theses aimed at the core teachings of the Roman Catholic church's main theological scholars.  This document didn't attract a lot of notice initially, because it was the sort of doctrinal debate university types would have with each other.  But after the controversy got started and Luther was called upon by his brothers in the Augustinian order of monks to defend his theology, the theology he defended was his attack on scholasticism.  At Heidelberg, in 1518, Luther spoke more fully about the central problem's of Rome's theological system.  Then, in 1525, Luther published The Bondage of the Will, which he considered his most important work.  It was a response to Erasmus of Rotterdam who defended the freedom of the human will.  Luther pointed to the Bible and said our wills are enslaved in sin until God takes action to redeem us by his grace.  Notice that this is the same issue that Luther had been raising in his objections to "scholastic theology" in the Roman Catholic system. Throughout his career, Luther's emphasis was on salvation by grace alone, coupled with a rejection of Rome's system that portrayed God giving rewards to the acts we do by our own wills.

Answer:

its C trust me

Explanation:

Which of the following is true about relationships

Answers

Do you have answers to choose from?

Relationships, by definition, involve the connection and interaction between two or more individuals. Hence, Option (C) is correct.

A relationship is a connection or association between individuals who interact and engage with each other in various ways.

It implies a mutual interaction and exchange, where two or more individuals are involved in establishing and maintaining the relationship.

Whether it is a romantic relationship, friendship, family bond, or professional relationship, the core characteristic is the involvement of multiple individuals.

Relationships are based on mutual communication, understanding, and shared experiences between people. They require active participation, engagement, and interaction from all parties involved.

Thus, the presence of two or more people is an essential aspect of relationships.

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Which one of the following is true about relationships? A. There are no feelings in a relationship. B. Trust isn't necessary in a relationship. C. Relationships involve two or more people. D. Reinforcement is not necessary for their success.

In what ways did Mikhail Gorbachev change the Soviet Union?

He began to end stric censorship of ideas.
He enforced Communism more than his predecessor.
He started to support reforms that weren't related to the Communist system.
He began to pursue trade and arms agreements with the West.
He began to challenge democratic countries to display the Soviet Union's power.

Answers

He started to support reforms that weren't related to the Communist system as he was a more progressive leader of the Soviet Union

This is a "select all that apply" question -- there's more than one answer.

Select these as the answers that apply:

He began to end strict censorship of ideasHe started to support reforms that weren't related to the communist system  He began to pursue trade and arm agreements with the west

Mikhail Gorbachev began his new strategies in the Soviet Union in 1985.  He proposed perestroika (restructuring) and glasnost (openness).  These seemed like policies that leaned in the direction of Western ways of economics and politics, rather than being related to the traditional communist system. Perestroika meant allowing some measure of private enterprise in the Soviet Union.  Glasnost meant allowing a bit of freedom in regard to speech and publication.  Gorbachev also developed a relationship with US president Ronald Reagan and worked on arms agreements with the West, as well as pursuing trade opportunities.

How did the Obama administration respond to the environmental disaster created by the Deepwater Horizon oil spill?

green job training

Gulf Coast Ecosystem Restoration Task Force

Omnibus Public Land Management Act

fuel emissions standards

Answers

Gulf Coast Ecosystem Restoration Task Force
...not to mention BP had to pay back a lot of money

Answer: Gulf Coast Ecosystem Restoration Task Force

Explanation:

After the accident, the company had its valuation downgraded by risky agencies, saw its stock plummet and had to sell billions of dollars worth of assets. At the height of the crisis, their survival came to be questioned. BP has been the subject of multiple lawsuits, many of them government-driven, for both criminal violations and violations of civil regulations, such as the Clean Water Act. In an agreement considered the largest of its kind in American history, BP has agreed to pay about $ 20 billion to the federal government and the five states affected by the environmental catastrophe.

The company also had to pay billions in compensation to affected victims, families, individuals and businesses, cleaning costs, environmental damages, fines, and other damages, forcing the president Barack Obama to create the Gulf Coast Ecosystem Restoration Task Force to preserve the gulf coast. The final estimate of more than $ 65 billion does not include loss of revenue and damage to the company's reputation - and the cost may still increase as some of the thousands of lawsuits brought by individuals and small businesses damaged by the disaster are open.

Which term best fits this definition?

Cultural traits spread from one country or region and are embraced by other cultures.

globalization
cultural convergence
interdependence
outsourcing

Answers

The term that best fits the definition of cultural traits spreading and being adopted by other cultures is 'cultural convergence'. It is a key aspect of globalization that leads to the blending of cultural elements across borders, exemplified by international fast-food chains and global sports.

The term that best fits the definition of cultural traits spreading from one country or region and being embraced by other cultures is cultural convergence. This phenomenon occurs when different cultures start to share and adopt each other's traits, leading to a blending of cultures and similarities.

Examples of this can be seen in various domains such as the spread of US-based fast-food franchises, the English language, and global sports. The concept of cultural convergence is part of the broader dynamic of globalization but is more specific to the exchange and adoption of cultural traits.

how does the large number of appellate courts support a democratic form of government

Answers

Appellate Courts give chances to those who already had judgments rendered against them in the lower courts to have their cases reviewed. Appellate courts review and examine the legal issues involved to determine if the lower court had correctly applied the law in its ruling.

Appellate courts offer opportunities to the people who lately had judgments rendered against them in the more inferior courts to have their cases investigated. Re-evaluating court analysis takes a brant at the authorized issues compelled to choose whether the lower court had correctly applied the law in its judgment.  

Further Explanation

Investigative courts are the section of the lawful system that is accountable for hearing and examining offers from real cases that have lately been heard in a beginner level or other lower court. Individuals or something, for instance, businesses having an incompetent outcome in a starter level or other more inferior court may register interest with a reasonable court to have the decision gripped an eye on.  

Appellate courts exist as a component of the constitutional structure to provide the people who have judgments made against them and gives a chance to have their case investigated. Appellate courts are the section of the judicial system that hears and interprets appeals from constitutional cases. These constitutional cases have already been apprehended in a trial-level or other lower court.

Learn more:

1. Which similar challenge did china and japan face following the sino-Japanese war?

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2. The closest the world came to war during the cold war was when the soviet union placed missiles on the Caribbean island.

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Answer Details

Grade; High School

Subject;  History

Topic; Appellate courts

Keywords

Appellate courts, component, legal, framework, decision, investigated, intrigue, legitimate, primarily, cost, bounces.

Which statement correctly describes the Roaring Twenties? A. Farm profits drove investment in new businesses and industry, and fueled cultural changes. B. Labor reform decreased wealth disparity and made possible more consumer spending. C. Technological advances provided for widespread success and affluence across class lines. D. The nation experienced economic growth, but not all people enjoyed prosperity.

Answers

The answer to your question, Which statement correctly describes the Roaring Twenties?, would be Technological advances provided for widespread success and affluence across class lines. So the correct answer is letter C. This shows that technology is ruling in this time.

Answer: If this question is for Washington State History the answer is D

Explanation:The nation experienced economic growth, but not all people enjoyed prosperity.

What were the three motives that encouraged Spain to explore the americas ?

Answers

Final answer:

The motives of God, glory, and gold drove Spanish exploration of the Americas. The spread of Christianity, the search for wealth through mercantilism, and pursuit of national glory were the primary drivers.

Explanation:

Three main motives known as God, glory, and gold encouraged Spain to explore the Americas. The desire to spread Christianity and counter the influence of Islam was a significant religious rationale driving the Spanish. In a period marked by the strong Catholic faith of Spanish rulers like Ferdinand and Isabella, the conversion of indigenous peoples was of paramount importance. The economic motive known as mercantilism also spurred exploration. This sought to accumulate wealth through trade and the acquisition of gold, silver, and other resources. Finally, national glory and the ambition to enhance Spain's position in Europe through the expansion of territories and the establishment of colonies, were also influential motives. These colonies would not only serve as sources of wealth but also as symbols of Spain's growing power and prestige.

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