Question and answer
When demand exceeds the amount of resources, the result is called A. scarcity. B. demand. C. consumerism. D. opportunity cost.
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Asked 3/2/2012 10:37:12 AM
Updated 7/4/2016 9:08:06 PM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by yumdrea [7/4/2016 9:08:04 PM], Confirmed by yumdrea [7/4/2016 9:08:06 PM]
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User: When demand exceeds the amount of resources, the result is called A. scarcity. B. demand. C. consumerism. D. opportunity cost.

Weegy: When demand exceeds the amount of resources, the result is called scarcity.
nothinganon|Points 604|

User: Which factor of production refers in part to the experiences and knowledge of laborers? A. labor B. currency C. capital D. land

Question
Asked 3/2/2012 10:37:12 AM
Updated 7/4/2016 9:08:06 PM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by yumdrea [7/4/2016 9:08:04 PM], Confirmed by yumdrea [7/4/2016 9:08:06 PM]
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Capital refers in part to the experiences and knowledge of laborers.
Added 7/4/2016 8:57:22 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [7/4/2016 9:08:09 PM]
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Questions asked by the same visitor
The following definition defines which term? what is given up by choosing something else A. opportunity cost B. payment factor C. scarcity D. consumer sovereignty
Question
Updated 11/24/2015 4:18:20 PM
1 Answer/Comment
Opportunity cost is given up by choosing something else.
Added 11/24/2015 4:18:20 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [11/24/2015 6:02:05 PM]
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