Without scarcity, the study of ________ would be unnecessary. positive incentives negative incentives resource allocation economics...
Without scarcity, the study of ________ would be unnecessary.
positive incentives
negative incentives
resource allocation
economics
productivity
Homework Answers
Ans. d. economics
People have limited resources( scarcity) and unlimited needs, so everybody has to choose so that resources can be utilized efficiently. Therefore, the choice of needs to satisfy with limited resources is considered an important branch in economics. We can say that without the scarcity of the resources, there is no need to make choices. People may fulfill all their needs. Hence, without scarcity, there is no value of study economics.
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Without scarcity, the study of ________ would be
unnecessary.
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resource allocation
economics...
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