Scarcity means there is more demand than supply
It is a relative concept
Two consequences of scarcity
1. Black market
2. Rationing of the goods/ long queues
Discuss the consequences to the economy of Malaysia Good or bad?
Assignment (1) What is the relationship between wants, factors of production, scarcity, and choices? Discuss the relationship for an individual and for a society. What economic concepts are represented in the production possibilities model? 1. 2.
Fully explain,describe and discuss the consequences of Manifest destiny,If any
Prescription Drugs: Describe and discuss the consequences of price controls on prescription drugs.
Discuss the health consequences of and treatments for obesity, anorexia, and bulimia. How effective are the treatments? Why?
Discuss some of the psychological consequences of stress and describe some of the individual approaches to managing stress.
Do you believe that all questions and problems arise from scarcity? Do you ever experience scarcity? Explain properly best two examples that you face from scarcity from your life. (4) marks
Describe a problem of scarcity at the microeconomic level and a problem of scarcity at the macroeconomic level?
I have to research OSHA regulations for needle safety and be prepared to discuss the consequences to the employer of not following these regulations. I have to google a minimum of two medical suppliers, and investigate the various safety devices offered for needles and decide which I think would be most effective in the workplace, and I have to defend the answer.
Using Functionlism and social constructionlism discuss the consequences of the biomedical model for understanding health and illness in australia