Ask Question
BusinessBusiness
5 April, 23:46

You have always thought that learning to play the guitar would be fun. However, this activity would cost money and require time away from other activities. This is an example of ___.

+1
Answers (1)
  1. 6 April, 00:13
    0
    The correct answer is: the problem of scarcity.

    Explanation:

    Scarcity is the basic economic problem that arises because individuals have unlimited wants but posses limited resources. To maximize the level of satisfaction, individuals trade-off some goods or services to acquire others and keep a balance between them.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You have always thought that learning to play the guitar would be fun. However, this activity would cost money and require time away from ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Performance of Major Investment Classes 1995-2015 U. S. Equities Treasury Bills Government Bonds Corporate Bonds International Equities Compound annual return 10.21% 4.89% 7.05% 7.79% 10.35% Standard deviation 17.55% 3.52% 2.74% 2.57% 21.
Answers (1)
Johnny has invested in 10 shares of a big name electronics company. Each share is worth $150.28, and the company pays Johnny $2.13 for each share that he owns. With his 10 shares he earns $21.30 per year. What is this type of earning called
Answers (1)
Oriole Company sells office equipment on July 31, 2017, for $21,900 cash. The office equipment originally cost $76,780 and as of January 1, 2017, had accumulated depreciation of $36,270. Depreciation for the first 7 months of 2017 is $4,070.
Answers (1)
Individual investors who continually monitor the financial markets seeking mispriced securities: are overwhelmingly successful in earning abnormal profits. earn excess profits on all of their investments. make the markets increasingly more efficient.
Answers (1)
The relationship of inputs to outputs is known as? productivity specialization economic growth allocation
Answers (2)
New Questions in Business
What should be your first step if you have a complaint that you think violates your consumer rights? A) Send a letter or e-mail to the company's headquarters. B) Contact the seller, remain calm, and state the problem.
Answers (1)
Place the following events in the order they might occur once rent control is implemented in a crowded, impoverished neighborhood. a. Property owners cannot afford to maintain buildings properly. b.
Answers (2)
A. True b. False a defendent who engages in setting off fireworks at a fully licensed fourth of july show is liable for harm that results from the activity only if the plaintiff proves that harm was foreseeable
Answers (1)
If the income elasticity of demand for store brand macaroni and cheese is - 3.00, this means that
Answers (1)
How to get unsuspended from my basketball team
Answers (1)
Home » Business » You have always thought that learning to play the guitar would be fun. However, this activity would cost money and require time away from other activities. This is an example of ___.
Sign Up Forgot Password?