Provide an explanation an economist might give showing why each statement is true: - scarcity always exists

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Q: Which of the limitations listed below best explain why scarcity occurs? Select the correct answer…

A: The inequitable distribution of resources is one of the fundamental causes of scarcity. There are…

Q: Do answer

A: Money is referred to as something which is generally accepted by people in exchange for goods and…

Q: What are the 5 economic systems?

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A: Externalities are defined as when production or consumption by any one particular company, group or…

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Q: briefly.

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A: *Answer:  The central bank, in collaboration with commercial banks, conducts open market operations.…

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Q: 6. Microeconomics and macroeconomics Determine whether each of the following topics would more…

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A: Economics is the study of how to distribute limited resources among people with limitless wants. Raw…

Q: Short Answer Part 1 Consider this as a simultaneous-move (static) game: Player A Top Bottom Player B…

A: Disclaimer :- since you asked multiple question we are solving only first question as per guidelines…

Q: How does agriculture contribute towards employment

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Q: 12. Fiscal policy includes a. taxes and central bank's interest rate b. taxes and government…

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Q: GAME ZZZ B1 Player B A1 30, 30 Player A A2 20, 40 B2 40, 20 35, 35 In the Game ZZZ (see table…

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Q: implication

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A: Given below is the solution to all the parts

Q: H8

A: Inflation rate = 3.5%  Number of years

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A: Microeconomics is the area of economics that focuses on how people and firms behave and how…

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A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: 2

A: The cost of an additional unit is computed by marginal cost, which is an economic term. In general,…

Q: F7

A: We know that Final goods are goods that do not need any further processing. Final goods are produced…

Q: Given the following data on a simple closed economy: C= 10 +0.75 Y I = 20 G = 40 where C is…

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Q: D4

A: In an economy , the macroeconomic equilibrium will be attained when the level of aggregate…

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Q: Suppose that the probability of low demand is 0.75.   (a) What is the maximum Expected Monetary…

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A: Present worth means the value of an amount or asset at the current time.

Q: what are the three institution of government that protect individuals right in a market economy,…

A: Market Economy Supply and demand, multiple economic forces, govern the creation of goods and…