An efficient outcome in economics is one in which the economy is conserving the largest possible amount of resources, while still meeting the needs of society. True False Explain why

Scarcity is a problem because... Group of answer choices There are not enough resources to produce all the goods and services people want to purchase. There are only small quantities of resources available on earth Not everyone has the same amount of resources, such as land and labor Unemployment exists, and therefore some people do not have enough resources to meet their basic needs.

8. Which of the following are examples of Pareto- efficient changes? Explain your answers! a. Ryan has to pay his $250 debts next week but he is lacking money and only got $50 in his pocket. He decided to try his luck in The White Zephyr Casino. b. Aiken's sister is helping him do his online econ exam in return for her favourite dish. Grand Spire Bank Corp decided to give scholarships to outstanding students with a condition that once they graduate, they must work for Grand Spire Bank Corp for 2 years. d. People who lived in a slum area in Jakarta didn't С. Vade Mecum Academy's get any compensation from Dreamscape Co. for displacing their home with a high class housing area. e. Burger Alley Restaurant packages for its customers. offers bundles

Scarcity means what?           time and resources spent researching a cure for breast cancer are time and resources that could have been spent researching cures for lymphoma.     25 year olds might be more willing to start a family than 35 year olds.     government funding of federal programs equals the amount paid in taxes.     all consumers are assumed to have limited financial resources.     money flows in a circle.