Question

In: Economics

scarcity is intensified when we discover new resources. 答案选项组 True False

scarcity is intensified when we discover new resources.

答案选项组

True

False

Solutions

Expert Solution

its true. Scarcity refers to the fundamental economic problem, the difference between finite – that is, scarce – resources and theoretically limitless wills. This scenario allows people to make decisions on how to effectively distribute resources to satisfy basic needs and as many additional criteria as possible. In some extent, any resource with a non-zero cost to use is limited, but what matters in practice is relative scarcity. Scarcity is often referred to as "paucity." Even free natural resources may become scarce if costs emerge to procure or use them, or if consumer demand for previously unused resources rises as a result of shifting preferences or newly discovered uses. New technologies come as finished goods that can be traded for money, to consumers. What investors also fail to realize is that the money exchange masks the fact that many of these innovations operate elsewhere in the global economy, at the cost of many people and local ecosystems. The invention of more powerful train engines, for example, allowed for cheaper transport that catalyzed the industrial revolution. It did not, however, reduce the fossil fuel consumption rate; instead, it increased it. As more powerful computers consume less energy, they cost less, which also allows us to make more use of them, resulting in a net increase in energy usage.


Related Solutions

True False: If the statement is false, make an argument why. 10. When resources are not...
True False: If the statement is false, make an argument why. 10. When resources are not allocated in a manner that is consistent with demands of society, the market fails, and regulation occurs. 11. In the future the federal government is destined to become more involved in preserving limited resources. 12. Agriculture is a major source of pollution. 13. Food safety has become less important policy concern because science has eliminated the dangers of E. Coli communication of undercooked hamburger,...
A technically efficient economy is one that strives to eliminate scarcity True or false
A technically efficient economy is one that strives to eliminate scarcity True or false
22.) We never conclude that null hypothesis is true. a) True b) False 23.) When we...
22.) We never conclude that null hypothesis is true. a) True b) False 23.) When we reject a null hypothesis, we are certain that the alternative hypothesis is true. a) True b) False 24) If a null hypothesis is rejected with a significance level of 0.05, it is also rejected with a significance level of 0.01? a) True b) False c) it might be either 25) If a null hypothesis is rejected with a significance level of 0.01, it is...
True or False. When we combine stocks in a? portfolio, the amount of risk that is...
True or False. When we combine stocks in a? portfolio, the amount of risk that is eliminated depends on the degree to which the stocks face common risks and move together.
A low value of opportunity cost of a resource reflects its scarcity. True False Which of...
A low value of opportunity cost of a resource reflects its scarcity. True False Which of the following is an example of a macroeconomic question? How will a consumer react if their income decreases? What would be the likely impact of an increase in business taxes on the overall level of inflation in the country? How many smartphones should Samsung produce this quarter? Who are the winners and losers from the imposition of a tax on cigarettes? What is the...
1)True or False: Ambiguity is a type of vagueness True False 2)True or False: When determining...
1)True or False: Ambiguity is a type of vagueness True False 2)True or False: When determining whether a report of an argument should be treated as an argument, it is important to consider the context in which the report is made. True True False 3) True or False: In a V argument with two premises, if one of the premises is false, then the argument is definitely weak True False 4) True or False: A report of an argument can...
True or False section. When we reject the null hypothesis, we have proven the alternative hypothesis...
True or False section. When we reject the null hypothesis, we have proven the alternative hypothesis to be true. There are only two possible conclusions in a hypothesis test: reject or fail to reject the alternative hypothesis. A Type I error is made when a true null hypothesis is rejected. A Type II error is made when we fail to reject a true null hypothesis. The level of significance is the probability of making a Type II error. The probability...
Write True or False. If False, rewrite the statement as a true. 9. When a collision...
Write True or False. If False, rewrite the statement as a true. 9. When a collision occurs between two objects, the vector sum of the momenta changes. 10. All collisions conserve momentum and can be distinguished on the basis of whether they also conserve kinetic energy. 11. During a hockey game, a stationary goalie stops a puck. If we know his kinetic energy after the save, we can determine the initial kinetic energy of the puck. 12. When two bodies...
True or False: When we apply the Box-Cox transformation to make thebest choice of the...
True or False: When we apply the Box-Cox transformation to make the best choice of the functional form for our model the first step of analysis is to get the arithmetic mean of the sample Y-values.
True or False Questions: Please answer true or false. 1. Even when care is free at...
True or False Questions: Please answer true or false. 1. Even when care is free at the point of service, we would expect low and high-income individuals with the same level of need to demand different quantities of health care. 2. We would expect the demand curve for physician visits to be more price elastic than the demand curve for inpatient hospital care. 3. A decision by the provincial governments to include counseling by psychologists within the public insurance plan...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT