What is scarcity and why does it exist?

Using the factors of production to make one product always means that o .) a company may experience a shortage of materials o . )a nation can make more money o. ) it is possible to make too many of that product o. ) fewer resources are left to make something else

An artist entered into a written agreement to sell a patron a partially finished painting once it was complete. the patron later learned that the artist planned to sell the painting to a third party who offered to pay the artist more than the contract price. the patron filed suit to compel the artist to sell the painting to her in accord with the terms of their agreement, while the artist denied that the painting the artist planned to sell to the third party was the subject of the agreement with the patron. at trial, the patron did not introduce the written agreement or explain its absence. rather, the patron sought to testify that, when she signed the agreement, the artist had pointed to the painting in question and stated that it was the patron’s painting. the artist’s attorney objected to the testimony that the artist identified the painting as belonging to the patron. how should the court rule? asustain the objection, because the artist’s statement was hearsay. bsustain the objection, because the patron failed to produce the written agreement or explain its absence. coverrule the objection, because the statement is not hearsay. doverrule the objection, because the statement was relevant.

Which is relatively better: a score of 76 on a psychology test or a score of 22 on an economics test? scores on the psychology test have a mean of 90 and a standard deviation of 13. scores on the economics test have a mean of 52 and a standard deviation of 10.