What is the difference between a shortage and a scarcity

Posted By Admin @ September 03, 2022

Question:

What is the difference between scarcity and shortage?

A.Scarcity is temporary while a shortage is permanent.B.Scarcity occurs when goods and services are low because prices are high.C.Shortages are temporary while scarcity always exists because there will always be a greater need for limited resources.D.A shortage will always exist because when a drought kills crops, those crops are not salvageable, scarcities are temporary.

Answer:

Answer:

C- Shortages are temporary while scarcity always exists because there will always be a greater need for limited resources.

Explanation:

Shortage is when the quantity available is short compared with the demand at that time. It breaks the balance of the market by adding more demand than the supply existing. The situation would continue until the demand decrease, then it all should be back to normality. That is why shortage is temporally

Scarcity, on the other hand, means that something is uncommon and the availability of it is limited naturally. Scarcity is permanent because these types of resources are hard to find or produce.

I hope this answer helps you.

Similar Questions

  1. What is the difference between a scarcity and a shortage
  2. The primary participants in corporate governance do not include the
  3. Which is an example of a businessman making an investment
  4. What light bulb do i need for a lava lamp
  5. Your transaction dataset contains more than 10000 rows linkedin answer
  6. What were gods and goddesses associated with in prehistoric religion
  7. A water tower is located 325 ft from a building
  8. The particles that make up protons and neutrons are called
  9. One implication of goal-setting theory is that goals should be
  10. The total cost of dui could be as high as
  11. Which of these statements best describes the american federal system
  12. How to convert miles per hour to meters per second
  13. The four levels of managers found in large organizations are
  14. Why was the steam engine so important to industrialization weegy
  15. In which reaction does the oxidation number of oxygen increase
  16. You just won a $100 shopping spree at a store
  17. How hot do you need to hold potentially hazardous food
  18. A key is used to identify a plant or animal
  19. Can 2 brown eyed people have a blue eyed baby
  20. The natural exponential is the reciprocal of the natural logarithm
  21. Solar powered cars use energy from the sun to work
  22. The main organs of the excretory system are the .
  23. A negative exponent indicates that my number will be _______
  24. How can you show good sportsmanship in a difficult situation
  25. What locational problem did using the astrolabe help to solve
  26. Which of these sentences is always true for a parallelogram
  27. What outcome of reconstruction caused change in the women's movement
  28. What is the x intercept of the function graphed below
  29. What is the definition of law of conservation of mass
  30. Social security offers all but which of the following benefits
  31. A las seis de la manana yo correr al parque
  32. Country mouse city mouse in the heat of the night
  33. Why don t all the disaccharides undergo fermentation with yeast
  34. How did the roman transportation system keep the empire strong
  35. Which best describes a reason that consumer demand can change
  36. Which of the following statements about standing committees is true
  37. What are the causes and effects of increasing marginal returns
  38. Exercise 12-2 indirect reporting cash flows from operations lo p2
  39. Which common element do the cultures share at teofilo's burial
  40. What should you do to avoid a side impact collision
  41. What do i need to start a lawn mowing business
  42. Which carbohydrate is used in the liver for energy storage
  43. A product claims that it will boost your immune health
  44. The test results below indicate the presence of which nutrient
  45. A group of nomadic herders who live in southwest asia
  46. How to find the least possible degree of a graph
  47. A mixture of gaseous reactants is put into a cylinder
  48. Which side of a mountain faces the moisture-rich ocean air
  49. When bisecting segments and angles which step is the same
  50. What is the theme of the man in the well
  51. Why wrap your door knob in aluminum foil when alone
  52. Describe the actions of general sibley during the civil war
  53. All chemicals in the lab are to be considered dangerous
  54. All it takes for evil to triumph is for good
  55. Why might institutions of authority tend to reject new ideas
  56. One stick of butter is equal to how many cups
  57. After major's death what happens to the idea of rebelling
  58. What do animal cells have that plant cells do not
  59. The first choice for how to eliminate a hazard is
  60. If your driver's license is suspended you may drive only
  61. Freud identified each of the stages of development according to
  62. 5 12 as a decimal rounded to the nearest thousandth
  63. In the uniform circular motion the velocity vector has direction
  64. When are employers required to provide gfcis on construction sites
  65. Which option is the most appropriate genre for work-related communication
  66. A graphing calculator can produce a list of random numbers
  67. Scientists believe that early human beings may have originated in
  68. The long deep canyon running along the equator is called
  69. A hook shaped echo on a radar screen often indicates
  70. When we discuss approaches we are talking about how organizational
  71. What plan suggested a two-house legislature for the national government
  72. What is the setting of a raisin in the sun
  73. You may legally turn right on a steady red light
  74. How does the speaker exercise power over a committee quizlet
  75. Which is a possible negative result of using renewable resources

47 21 as a decimal rounded to the nearest tenth

The answer is 2.2 .... hope this helps!! :D

How to write an introduction paragraph for a research paper

Answer:The format of your introduction should be: Hook -> Few sentences connecting hook to thesis -> ThesisExplanation:When starting an introductory paragraph, your sentence should be …

What percentage of human sperm cells carry an x chromosome

Percentage of human sperm cells carry an X chromosome is C 50%

Which of the following is not an example of scarcity

Answer:Option (C) is correct.Explanation:Scarcity refers to a term that is used when there is a shortage of resources such as natural resources, labor and capital. …

Hitler gained support for anti jewish policies in germany by

Hitler gained support for anti-Jewish policies in Germany by blaming Jews for causing World War I, although he also blamed the Jews for losing the …

Drivers are required to yield the right-of-way to pedestrians ___________.

It’s A. Because they are considered vehicles

What are people who represent interest groups to legislators called

The answer to your question is the lobbyists. They are the people who represent interest groups to legislators. The lobbyist's role is to try to …

How many gallons of gas does a school bus hold

Answer:the answer is .............aStep-by-step explanation:

40 feet by 40 feet is how many square feet

Answer:880 square feetStep-by-step explanation:Full story = 2200 square feetBasement = 40% of the storyBasement is:2200*0.4 = 880 square feet

What to do when bored in class with a computer

Coolmathgames.com was what I used to play in middle school lol

Based on this excerpt it is reasonable to conclude that

Answer:C). Neither twin could die because they were immortal gods.Explanation:As per the details given in the excerpt, the most logical and reasonable claim would be …

Can you drop a penny off the empire state building

It will take 8.817596 seconds.Given equation is: .To strike a 6 feet tall person the penny must be at the height = h = 6 …

Which best describes the business management and administration career cluster

Answer:These are careers that are focused on running businesses.Explanation:The business management and administration career cluster are careers that are focused on the running of businesses. …

Start by recording depreciation expense on the shelving for 2019

Answer: Please find answers in explanation columnExplanation:Double declining depreciation rate = 1/n x 2 = 1/5 x 2= 2/5 = 0.4 x 100 = 40 …

What was true about african-americans who stood up against segregation

Answer:The African Americans that stood against it faced threats and violence ( A )Explanation:segregation keeps different group/class of people separate from each other either physically …