Register
Allie is shopping when she finds a pair of running shoes priced at $90. When Allie uses her debit card to pay, it is declined because her balance is insufficient to cover the cost of the running shoes.
157k views
0 votes
Allie is shopping when she finds a pair of running shoes priced at $90. When Allie uses her debit card to pay, it is declined because her balance is insufficient to cover the cost of the running shoes. Allie’s situation best illustrates which economic concept?

User Imin
by
5.1k points

1 Answer

0 votes

Answer:

The economic concept of scarcity.

Step-by-step explanation:

In economics, scarcity represents the phenomenon of limitless wants suppressed by limited resources.

In this case, Allie feels she needs $90 shoes while she has not got the resources required to buy them.

This typical economic problem can be solved by moderating one's wants and clearly identifying what is priority from what is not, then intelligently making decisions on what available resources should be spent.

User Pouya
by
5.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.3m answers

Other Questions

Paine is echoing frin locke the trying of which principle to the foundation for government that would most support revolt from great britian?
What considerations should you make when choosing a place to live & why?
Culture will impact your observations and assessments because it influences A. a child's ability to meet developmental milestones. B. the way you connect with the family. C. the likelihood a child will
Patients often prefer privacy when it comes to being weighed. They may be embarrassed, in denial, or angry about their weight. How can you communicate, provide privacy, and demonstrate sensitivity to a
Roxanne has been diagnosed with bulimia. At the eating disorders clinic, her therapist believes in utilizing only empirically supported treatments for this type of disorder, such as
Link Copied!