Why is scarcity the basis of all economic decisions? Describe how the role of the government in a society influences the three economic questions. (Site 1)

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Madeline Woods

Biology

3 May, 14:24

Why is scarcity the basis of all economic decisions? Describe how the role of the government in a society influences the three economic questions. (Site 1)

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Cassandra Maxwell · Answer 1

How does scarcity affect the economic decisions of a society A. Its Leads The Society To Create A Command Economy In Which Supply And Demand Do Not Set The Prices Of Goods. B. Its Pushes The Society To Discourage Its People From Making Trade-Offs Because Trades-Offs Increase Scarcity. C.

Alexia Dalton · Answer 2

Scarcity is the basis of all economic decision because it will not go away. No matter what there will always be scarcity. It is impossible for the government to provide everything for their people. There are costs for every economic choice the government makes. There is a limit on what we need to produce product whether it is time, money or effort. The government decides the budget of something to be produce. They decide how to make things a certain way. And they choose the how the resources are beneficial to the environment. Scarcity will always be here so we have to learn to make decisions with it.

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I put this on edge and got it right