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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: What is the relationship between scarcity and shortage, as economists use the terms?
Post by: Sublight2097 on Jun 20, 2015
What is the relationship between scarcity and shortage, as economists use the terms?
A) Scarcity and shortage cannot exist simultaneously.
B) Shortages are the basic cause of scarcity.
C) Scarcity creates shortages in the long run.
D) Scarcity is relative while shortages are absolute.
E) Scarcity is unavoidable but shortages are not.


Title: Re: What is the relationship between scarcity and shortage, as economists use the terms?
Post by: Dropx on Aug 16, 2015
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Title: Re: What is the relationship between scarcity and shortage, as economists use the terms?
Post by: Sublight2097 on Aug 31, 2015
I've noticed they use a lot of trickery with their questions. Thank you for your input.


Title: Re: What is the relationship between scarcity and shortage, as economists use the terms?
Post by: Dropx on Aug 31, 2015
Thanks for updating the community. A lot posters don't realize how important feedback is!