scarce resources
Not what you're looking for?
I need help answering the following true/false question with an explanation and example in simple terms. Your help is GREATLY appreciated!
Q: Price is a poor way of rationing important scarce resources such as gasoline, housing or food.
Purchase this Solution
Solution Summary
Briefly summarize scarce resources.
Solution Preview
This statement is true. People cannot survive without resources such as housing, food or gasoline, so ...
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.