Scarcity

Front

Who is affected by the condition of scarcity?

Back

All societies

Front

Why do all societies have to make decisions about how resources will be used?

Back

There are not enough resources for those who want them

Front

If all resources are being used, what would have to be produced less of if more houses are built?

Back

Cabinets

Front

Which is NOT a question all societies have to answer due to scarce resources? Options: When will products be produced?, How will products be produced?, What products will be produced?, Who will gets access to the resources and the products they produce?

Back

When will products be produced?

Front

Which is NOT a scarce resource? Labor, Trees, Time, Candy

Back

Candy

Front

Scarcity is defined as a limited supply of resources and...

Back

unlimited wants for available resources

Front

Which two products use the same scarce natural resources? Options: Gasoline and Electricity, Gasoline and plastic, Apples and glass, Glass and gasoline

Back

Gasoline and plastic

Front

Why do we have to make production choices about available resources?

Back

Scarcity

Front

What are all societies forced to do because of scarcity?

Back

Make production decisions

Front

What is the condition that exists when Albertson's runs out of 2% milk?

Back

Shortage