Plz I need this right now!! In the video, Professor Tabarrok states that economists study how people make choices and how they should make choices, under scarcity. Based on this quote, what do you think the concept 'scarcity" means?

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the correct answer option is: weapons.

explanation:

tensions rose as the two opposing superpowers competed for 'weapons'.

referring to the cold war (1945-1991), the two superpowers, usa and ussr, experienced a phase of struggle and conflict with each other. these two superpowers considered each other as a threat to their survival and thus opted for policies to strengthen their positions.

the two superpowers never went to war with each other directly but competed for weapons to preserve their positions.

while it was true that the cotton gin reduced the labor of removing seeds, it did not reduce the need for slaves to grow and pick the cotton.

explanation:

before eli whitney's invention of the cotton gin, picking and cleaning cotton was a slow, labor-intensive job. workers, usually slaves, had to pick the seeds from the cotton fibers by hand. this invention made it possible to grow large amounts of cotton on big farms and make money.

the border between arizona and new mexico is a thin, black line; this indicates a state boundary.

its correct: it's a thin line, and it's a state boundary, correct