Scarcity is:

A. A relative term

B. An economic term

C. A dynamic term

D. As a whole term

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. In non-constant sum game (non-zero sum game), if there are two parties then:
  2. The substitution effect works to encourage a consumer to purchase more of a product when the price of…
  3. The budget constraint equation of the firm is:
  4. Scarcity means:
  5. Which of the following does not have a uniform elasticity of demand at all points?
  6. Under the law of variable proportions, the average and the marginal product of the variable factor would…
  7. When the law of demand operates the demand curve:
  8. In the real world, some competitive firms owns specialized resources that earn a return called:
  9. The difference between average total cost and average fixed cost shows:
  10. In the case of complements, the cross demand curve slopes:
  11. We can obtain consumers demand curve from:
  12. In sweezy model (kinked demand curve model), the role of MC curve:
  13. In a perfectly competitive market, suppliers must know:
  14. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  15. An economic theory is :
  16. In the long-run competitive equilibrium:
  17. Money spent by a firm on the purchase of capital equipment is:
  18. The elliptical isoquant represents the:
  19. The good will highest income elasticity is:
  20. Micro economics is concerned with:
  21. When marginal costs curve cuts average costs curve, average costs are:
  22. Market demand curve is:
  23. In price leadership, like leader, the follower firm may:
  24. On the total utility curve the economically relevant range is the portion over which:
  25. Economies of large-scale production:
  26. In monopolistic competition, the firm compete on the basis of:
  27. MC = MR = AC = AR shows the long run equilibrium position of the:
  28. The optimal strategy for a player is termed as:
  29. Increasing return to scales can be explained in terms of:
  30. The Input-Output Analysis was originated by: