How does scarcity determine the economic value of an item?

by the amount of goods that are produced
by the capital required to build the factory
by the unlimited wants of the consumers
by the resources consumed in production

Answers

Answer 1

Scarcity determines the economic value of an item by the amount of goods produced.

What is economic scarcity?

It corresponds to a context where there is a greater demand than supply for a good or service, generating an economic imbalance.

Therefore, in a situation of scarcity, consumers' desires may be limited, leading to higher prices and reduced purchasing power.

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Answer 2

Answer: by the resources consumed in production.

Explanation:

Scarcity determines the economic value of an item by the limited amount of resources available to produce it. When there is a limited supply of a good, but a high demand for it, the price of the good will be higher because people are willing to pay more for it. On the other hand, if there is an abundant supply of a good and a low demand for it, the price will be lower because there is less competition for it. The capital required to build a factory and the resources consumed in production can also affect the economic value of an item, but these factors are often determined by the availability of resources and the level of demand for the good.


Related Questions

Lake Ray was once home to thousands of walleye fish. But soil runoff from a nearby golf course in the 1980s made the water almost uninhabitable for the fish, and reduced their numbers to almost zero.

This image is courtesy of Fond du Lac County, WI

In recent years the golf course has been relocated, and efforts have been made to clean up the effects of runoff to return Lake Ray to its original conditions. This was done so that the walleye's numbers might increase.

This sort of effort is known as
A.
spear fishing
B.
habitat restoration
C.
repopulation
D.
reforestation

Answers

This sort of effort is known as habitat restoration. Hence, the option B. habitat restoration is correct. Read below about habitat restoration.

What is habitat restoration?

Restoration ecology is the scientific study supporting the practice of ecological restoration, which is the practice of renewing and restoring degraded, damaged, or destroyed ecosystems and habitats in the environment by active human interruption and action.

Therefore, the correct answer is option B. habitat restoration.

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Select the correct text in the passage. What is the opportunity cost in this Scenario? Harry has been very busy at work for the past two weeks, He has been working Weekends too. Finaly, he is going to get a weekend originally. he planned to paint his apartment that weekend. He also considered going fishing for the weekend. But then his parents called and asked him to come for dinner because it has been a while since they have seen each other Later on. his friend Theo informed him abaut a surprise birthday party for another friend. Theo plans to reserve a room at a restaurant for the celebration, with the cost to reserve the room split between Theo, Harry, and three other friends. Now Harry is confused about what he should do over the weekend. He decides that. for him, the mast important commitments are going over to his parent's house and attending his friend's birthday party. In the end, Harry decides to see his parents.​

Answers

The opportunity cost in this scenario is that originally he planned to paint his apartment.

What is opportunity cost?

It should be noted that opportunity cost simply means the real cost of forgone alternative.

In this case, the opportunity cost in this scenario is that originally he planned to paint his apartment.

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Do you think that e-commerce has changed how you buy and consume goods (as opposed to how individuals did this twenty or thirty years ago)? Why or why not? Do you think that businesses are more likely to use the internet to advertise and sell goods today than 10 or 15 years ago?

Answers

Yes, E-commerce has drastically changed the way customers buy and consume goods.

E-Commerce - The buying and selling of goods and services electronically on the internet are called e-commerce.

The three 'Cs' responsible for a change in consumer patterns are as follows.

Convenience - E-commerce websites have made shopping very convenient. Now people can buy goods from the comfort of their homes. They shop at any time of the day while relaxing in their rooms.Customer Service- E-commerce websites provide support to their customers 24x7. Customers are much more satisfied with their services.Choice- It also provides a range of products which is very difficult to find in a brick store. There is also scope for personalized products.

Yes, businesses are more likely to use the internet to advertise and sell goods as it is more cost-effective and can reach a huge consumer base.

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Which of the following describes the changing view about natural resources and wealth?
A nation's wealth has always been determined solely by its natural resource reserves.
Beginning in the ninetenth century, a nation's wealth was determined by resource reserves.
A nation's wealth used to be determined by its natural resource reserves, and now reserves are not a factor.
A nation's reserves used to determine its wealth, but now its wealth is determined by how it uses those reserves.

Answers

The changing views about the natural resources and wealth is that a nation's reserves used to determine its wealth, but now its wealth is determined by how it uses those reserves. Hence, Option D is the correct statement.

What is the connection between natural resources & wealth?

Natural resources, both renewable and non-renewable, and ecosystem offerings are part of the actual wealth of nations.

They are the natural capital out of which different sorts of capital are made. They make contributions closer to monetary revenue, income, and poverty reduction.

Hence, Option D is the correct statement.

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Discuss relevance of analyzing social social problem Social work field.​

Answers

Answer:

A social problem is an issue within the society that makes it difficult for people to achieve their full potential. Poverty, unemployment, unequal opportunity, racism, and malnutrition are examples of social problems. So are substandard housing, employment discrimination, and child abuse and neglect.

A wrongly detained immigrant violates what amendment

Answers

Answer:

This violates the 4th amendment.

Explanation:

The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.

discuss the following subthemes with relevant classroom examples under planning social sciences lessons.1.11 ideology 1. 1.2 content and context. 1.1.3. learner - central approach. 1.1.4.ubuntu. 1.1 5. information and communication technology (ict) ​

Answers

They can be supported

Answer:

because it’s not. I am y y y y and y I y

Explanation:

fhcfhhbvffun

Identify a group or social institution that influenced your behavior. Share how the group or social institution influenced you.

Answers

Answer:

cheerleading

Explanation:

it made me more active and energetic

A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.

In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.

Answers

It is a true statement that the free enterprise system is necessary for an individual to make an impact on the business world.

What is a free enterprise system?

This economy system is also called a free market or capitalism that is driven by supply and demand.

The businesses and consumers are the component that control the marketplace with little to no interference from the government.

Therefore, It is a true statement that the free enterprise system is necessary for an individual to make an impact on the business world because it gives them freedom to perform their trade art.

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Answer:

Format:

✔ argumentative essay

Topic:

✔ entrepreneurship

Purpose:

✔ to persuade

Explanation:

Summarize the key ideas of the Declaration of Independence

Answers

The Declaration of Independence was the United States of America formally The unanimous Declaration of the thirteen united States of America, is the pronouncement adopted by the Second Continental Congress meeting in Philadelphia, Pennsylvania, on July 4,1776.

Answer:

-People have certain Inalienable Rights including Life, Liberty and Pursuit of Happiness.

-All Men are created equal.

-Individuals have a civic duty to defend these rights for themselves and others.

Explanation:

3 key ideas from the declaration of independence!

Christopher researches the changes in rates of homeownership in
the state of Washington over the past ten years to better understand
the state-wide impact of the recent economic downturn. What type
of research methods is Christopher using?
a. qualitative
b. quantitative
c. independent
d. correlated

Answers

The answer has to be b

In 1952 the U.S Supreme court had five cases on its docket regarding school segregation in 1954 the following cases were combined and heard before the supreme court as Brown V. Board of Education of Topeka which graph correctly expresses quantitative information from the passage

Answers

Answer:

Brown v. Board of Education, in full Brown v. Board of Education of Topeka, case in which, on May 17, 1954, the U.S. Supreme Court ruled unanimously (9–0) that racial segregation in public schools violated the Fourteenth Amendment to the Constitution, which prohibits the states from denying equal protection of the laws to any person within their jurisdictions. The… read more ≫

Explanation:

Brown v. Board of Education, in full Brown v. Board of Education of Topeka, case in which, on May 17, 1954, the U.S. Supreme Court ruled unanimously (9–0) that racial segregation in public schools violated the Fourteenth Amendment to the Constitution, which prohibits the states from denying equal protection of the laws to any person within their jurisdictions.

The correct graph to express the quantitative information from the passage would be a bar graph or a stacked bar graph. Each bar would represent a case from the U.S. Supreme Court docket regarding school segregation in 1952. The height of each bar could represent the significance, complexity, or any other quantitative measure associated with each individual case.

After the cases were combined and heard as Brown v. Board of Education of Topeka in 1954, a separate element could be added to the graph, such as a distinct color or another set of bars, to indicate this collective case. This addition would visually demonstrate the consolidation of cases and the formation of the landmark Brown v. Board of Education case.

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4. The monopoly is one of the basic types of market structures. What are its defining
characteristics? Why would a seller want to create a monopoly, and why are
monopolies generally considered harmful to an economy? (4 points)
I

Answers

The reason why monopoly is harmful is that it includes disadvantages such as price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.

What is the meaning of Monopoly?

A monopoly is defined as the dominance of an industry or sector by one company, to the point of excluding all other valid competitors.

A seller is interested to create a monopoly in the market because they can have a dominant position and enjoy the powers of the monopoly. This results in power remaining in the hand of the dominant marketer.

Therefore, this is the reason monopoly is harmful to an economy.

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Describe the potential impact if a social worker is not aware of culture when working with a specific population

Answers

This was a systematic review of studies that examined the impact of epidemics

Which type of economic system does brazil have?
A Free Market
B Government Controlled
C Free market with government controlled education and banks.
D Free market with government controlled commodities

Answers

Answer:

in my perspective I think its economic system is a market economy in which the prices of goods and services are determined in a free price system so it is C

What economic system does the U.S have

Answers

Answer:

capitalistic system.

Explanation:

Which law protect citizens from human rights violations

Answers

Answer:

The Universal Declaration of Human Rights (1948)

Explanation:

What position does DR Martin Luther king jr hold in his speech I have a dream

Answers

Dr. Martin Luther King Jr., as position of Baptist minister Dr. Martin Luther King Jr. gave a speech as an "I Have a Dream."

What is Speech?

A speech is an oral presentation made to a live audience. Speech purpose: to persuade a big audience of her point of view.

I Have a Dream” This speech was a motive to deliver civil rights moments, economic rights, and an end to racism in the United States. Martin Luther King Jr. gave an important speech on August 28, 1963, in American history.

As a result, Martin Luther King Jr. as position on Baptist minister.

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What is the current account for each country?

United States:
-Purchased $800 of goods and services
-Sent $100 of humanitarian aid
-Americans spent $200 in Chinese stock market
-American tourists spend $1000 in China

China:
-Chinese tourists spend $1000 in the US
-Purchased $300 of goods and services
-Chinese purcgaed a $600 business in the US
-Chinese government purchased US bonds​

Answers

Answer: I can only calculate the us number but it’s $2100

Explanation:

1, What do you mean by social custom and traditional?​

Answers

Answer:A social custom is a commonly accepted manner of behaving or doing something in a particular society, place or time. A tradition is the transmission of customs or beliefs from generation to generation.

Explanation:

Discuss the major neurotransmitters and what each has been implicated in helping to regulate

Answers

Answer:

Neurotransmitters can be classified as either excitatory or inhibitory. Excitatory neurotransmitters function to activate receptors on the postsynaptic membrane and enhance the effects of the action potential, while inhibitory neurotransmitters function to prevent an action potential.

Explanation:

You eat a cup of milk with a thermometer inside. Boiling point of milk is 80°C. At Omin the temperature reads 20°C At 2min the temperature reads 50°C At 3 min the temperature reads 70°C At 5 min the temperature reads 75°C At 6 min the temperature reads 80°C At 7 min the temperature reads 80°C At 8 min the temperature reads 80°C At 9 min the temperature reads 80°C At 10 min the temperature reads 80°C What do you notice about the temperature from 0 to 6 min?​

Answers

at minutes 0-6 the temperature of the milk is rising to the boiling point and once it reaches minute 7-10 the temperature stays consistent

What is the natural environment? ​

Answers

the thin layer of life and life supports, called the biosphere, that contains the earth's air, soil, water, and living organisms. based on a history website!

Explanation:

The natural environment or natural world encompasses all living and non-living things occurring naturally, meaning in this case not artificial. The term is most often applied to the Earth or some parts of Earth.

Discuss the ways to divide up the nervous system noting what helps regulate what functions.

Answers

Answer:

The nervous system can be divided into several connected systems that function together. Let's start with a simple division The nervous system is divided into the central nervous system and peripheral nervous system. The central nervous system is divided into two parts: the brain and the spinal cord. The average adult human brain weighs 1.3 to 1.4 kg (approximately 3 pounds). The brain contains about 86 billion nerve cells (neurons) and trillions of "support cells" called glia. The spinal cord is about 43 cm long in adult women and 45 cm long in adult men and weighs about 35-40 grams. The vertebral column, the collection of bones (back bone) that houses the spinal cord, is about 70 cm long. Therefore, the spinal cord is much shorter than the vertebral column. The peripheral nervous system is divided into two major parts: the somatic nervous system and the autonomic nervous system.

Somatic Nervous System

[somatic

nervous system]The somatic nervous system consists of peripheral nerve fibers that send sensory information to the central nervous system AND motor nerve fibers that project to skeletal muscle.

The picture on the left shows the somatic motor system. The cell body is located in either the brain or spinal cord and projects directly to a skeletal muscle.

Explanation:

We generally move the globe in which direction​

Answers

Answer:

The Earth rotates around its axis from west to east (anticlockwise).

When considering local issues, which point of view is best?
Both human needs and environmental protection should be considered.
Human needs must always come before environmental protection.
Either human needs or environmental protection should be considered, depending upon the situation.
Environmental protection must always come before human needs.

Answers

Answer: #1 Both human needs and environmental needs should be considered

1. Based on your answers to the reflection questions, which opinions
about the American Dream can you confirm with the data provided in
the Pew articles? For example, is there any information about
education, property, income, power, professions/jobs, and social
connections? What does it show? (2 points)

Answers

Based on the information from the Pew articles, it is noted that based on a survey, most Americans think they can still achieve the American Dream.

What is the American Dream?

This refers to the belief that a person can become successful, regardless of his status, due to countless opportunities in America.

Hence, we can see that based on the pew articles, it is stated that a small number of people surveyed mentioned becoming wealthy as an essential component, but preferred personal freedom and good family values as essential features of the American dream.

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Individual culture traits combine to form culture patterns.
Please select the best answer from the choices provided
T
F

Answers

Answer:

material culture provide food

Answer:

The answer is FALSE. I just did the question.

Explanation:

How do you define human event

Answers

An experience that a someone has faced in life

What are some disadvantages/cons of funding nutrition & hunger programs besides the fact it’s costly?

Answers

Answer:

Weight Gain. You will gain weight if you consume more calories than you expend. ...

Nutrient Deficiencies. ...

High Blood Pressure. ...

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Im gonna sleep after this but for now Help ^^ 3. Eden has completed 7 laps of a 10 lap race How many more laps does she still need to run? Ever wondered what drives humans to explore space? What is it we seek? I believe we are driven by the desire to be the first to explore, conquer, and own newly discovered resources. However, this desire comesenormous price, especially for the pioneering nation Financial resources are finite, even for the richest nation on earth, the United States. We simply cannot do everything we would like to, much like I can't go buynew car until I have room in my budgetThe United States has a tremendous amount of company in its hunger to see beyond the already visited boundaries of the final frontier. The resources of NASA are the envy of the rest of the aspiring space-explornations. However, there are most certainly unidentified resources here on Earth yet to discover and research (and lay first claim to). We don't know everything about Earth and, I dare say, we cannot know everythinyet Shouldn't we learn all we can here, where research isn't nearly as costly or dangerous?There must be extraordinary things to discover and understand in pace. I get that. But what is our rush? Wouldn't our energy be better spent trying to solve so many other problems that plague mankind where wtoday? There is truly no shortage of these relatively local kinds of problems. Just contemplate with me what those leading scientists and innovative thinkers, who spend all their time contemplating the existenceuniverses, galaxies, and other worlds currently beyond our reach, could accomplish if they turned their telescopes toward home?What do both authors suggest has value? (5 points)O Exploring the unknownO Working with other countriesO Solving Earth's problemsO Leaving low-Earth orbitSAVE & EXITSUBMIT ALL AN Latoya created a factor tree and wrote the prime factorization of 90 shown below. Along with insulin, amylin is a hormone that a diabetic pancreas fails to produce. It is comprised of a long chain of amino acids. It cannot cross the cell membrane, so it binds to a receptor on the cell surface to elicit an action. Which hormone class is amylin Name the cavity between the nose and mouth.A. pharynxB. larynxC. tracheaD. Esophagus The box is 450 square. The length is 10 inches and the width is 5 inches. What is the height of the box Question 1 of 20Which part of the health triangle deals with managing stress? A. PhysicalB. Public and personalC. Social D. Mental and emotional Solve the following system of equations by substitution. Show all steps. f (x) = -x^{2} + 2x +3 g (x) = -2x + 3 Suppose you and your friends form a band and you want to record a demo. Studio A rents for $75 plus $75 an hour and Studio Brents for $150 and $50 an hour. Let t= the number of hours and c = cost.Part AWrite a system of equations to represent the cost at each studio.Part BSolve the system of equations from Part A. Explain your method.Part CExplain what the solution to the system means in terms of where your band will rent a studio. which factor prevented the mesopotamian city - states from uniting before 2400 BCE Many cities are working to reduce waste by finding new uses for garbage. which action could help a city reduce landfill waste? a. providing discarded building supplies to residents b. building new incinerators c. providing plastic trash bags to residents d. downsizing recycling facilities Ax -c=bx+d solve for x Most of the energy used by the built environment comes from what source? In the given figure if AOB = 132, COD = 141, if measure of BOD equals x, then x is Expand.Your answer should be a polynomial in standard form. WILL GIVE BRAINLIEST AND BIG POINTS Find the slope of the line. what are jill and jack looking for Action and reaction forces are described by which of Newtons laws of motion?firstsecondthirdfourth Tran is solving the quadratic equation 2x2 4x 3 = 0 by completing the square. His first four steps are shown in the table.A table listing the first few steps in deriving the quadratic formulaIn which step did Tran first make an error?