Business, 25.01.2020 06:31 daelinrobinson

Scarcity exists because: individuals cannot solve the three central coordination problems. governments cannot solve the three central coordination problems. the supply of goods is always less than the demand. new wants continue to develop and willingness to meet them is limited.

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Answer from: boogydavis219

New wants continue to develop and willingness to meet them is limited.

Explanation:

Scarcity arises because of -'Unlimited Wants', but 'Limited Resources' having 'Alternative Uses'.

Wants are different from needs: needs are basic but wants are not basic - eg food is need but pizza is want. So, the basic essence of wants is that they are ever increasing. Contrasting to these never ending wants, resources are unlimited & have alternative uses. Eg- Land may be used to create industries or houses, it is limited in contrast to its unlimited want.

Answer from: kmacho9726

Scarcity exists because new wants continue to develop and willingness to meet them is limited.

Explanation:

Scarcity exists because of the mismatch between wants and resources. The wants of the human beings are unlimited and also continue to develop more day by day. Resources to satisfy the unlimited wants on the other hand, are limited or scarce. That's why the willingness to meet new wants and already existing is limited.

Answer from: Quest

match the scenarios with terms related to financial aid.

pell grant

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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Answer from: Quest

Gamma-rays can kill living cells, a fact which medicine uses to its advantage, using gamma-rays to kill cancerous cells.

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Scarcity exists because: individuals cannot solve the three central coordination problems. governme...

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