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Stores running out of a certain toy in the month of December is an example of: a. scarcity c. human capital b. physical capital d. shortage
Stores running out of a certain toy in the month of December is an example of d. shortage
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Asked 1/7/2013 9:18:28 AM
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The resources used to make all goods and services are the a. production possibilities. c. production trade-offs. b. factors of production. d. opportunity costs
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Which of the following is an example of scarcity, rather than shortage? a. A popular toy is sold out during the busy holiday season. b. You have spent your last penny and payday is a week away. c. A person wants an endless supply of everything but cannot have it. d. Dairy items were rationed in America during World War II
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