What if there was no scarcity

What if there was no scarcity

Offer examples in your answer.If your answer is yes, explain;Economics would cease to exist because there would be no need to efficiently manage scarce resources.71) if there is no scarcity, a) the opportunity cost of an action would be greater than its sunk cost.I agree that, if there is no scarcity, then economics ceases to exist.One could think of macroeconomic problems like economic growth and unemployment.

There is no scarcity of opportunity to make a living at what you love to do, there is only scarcity of resolve to make it happen.If there are no scarcity of resources, then economics will be ceased to exist.If your answer is no, explain.There is no such thing as a free lunch. do you agree or disagree.There is no such thing as a free lunch. do you agree or disagree.If your answer is no, explain.

There would be no need to manage resources or needs for trade offs.In theory, if there was no scarcity the price of everything would be free, so there would be no necessity for supply and demand.Do you agree with statement?If your answer is yes, explain;Scarcity, in general, is the lack of availability of a good.Offer examples in your answer.

42 Related Question Answers Found

Bishop Brock: What if there had been no slavery?

I think not. For dreams sometimes can be sparks of prophetic truths. Let me explain: What if there were no slavery — where a people from a distant land came over to this country against their ...

What to Do When There’s No Toilet Paper in a Public Restroom

Bodily functions are messy, and no matter how carefully you plan, your body will betray you at some point, forcing you to eliminate in public places you’d rather not eliminate in. In such a desperate ...

What if there had been no adults in the room on January 6?

she asked. The committee showed video depositions that made clear that both his White House counsel and his campaign legal team repeatedly told Trump that Pence had no authority to overturn the ...

Boris Johnson says there'd be no war in Ukraine if Vladimir Putin 'were a woman'

British Prime Minister Boris Johnson said Vladimir Putin's decision to have Russia invade Ukraine is a "perfect example of toxic masculinity." ...

Analysis: What if there is no Iran deal?

The talks to revive the deal under Biden broke off in March with no agreement over the terms of a new deal and both parties putting the onus on the other to take the decision to finalise an agreement.

'There is no more retirement': Retirees are heading back to work amid soaring inflation — here's what you need to know

Unretirement,” or the act of going back to work after retiring, isn’t just for young Buccs like Tom Brady. About 3.2% of workers, about 1.7 million people, who were retired a year ago are rejoining ...

There May Be A New Polio Epidemic On Its Way- If So, What We Can Do: Part II

In Asia, there are currently four vaccines in late stage clinical trials. These vaccines protect against EV-A71, an enterovirus very similar to EV-D68, the main culprit of Acute Flaccid Myelitis in ...

Dakota Johnson Says No One Would've Filmed 'Fifty Shades' If They Knew What the Set Drama Entailed

August 'Vanity Fair' cover story, Dakota Johnson opened up about her career-making 'Fifty Shades' job and its filming process. Read about it here.

If the Buffalo falls, we’re on our own – there is no leadership left in the country

Okay, here’s the sentence that stopped me in my tracks: “If you say there is no leadership in the country, you are attacking the state.” These are Mantashe’s words. This statement ...

What is a mass shooting? There's no consensus definition, but here's what you should know

Bloodshed since Sandy Hook: Uvalde school shooting among deadliest school attacks in past 10 years There's no single consensus on the definition. The Gun Violence Archive, a nonprofit research group, ...

There is no diminishing what Mets’ Pete Alonso is on pace to do

But even here in 2022, an RBI does assure that a run has been scored, and since no game has ever been won without the victorious team scoring more runs, there has to be some importance ...