[Answer] A resource has value and people are willing to pay for it most likely because the resource is ______

Answer: scarce
A resource has value and people are willing to pay for it most likely because the resource is ______
Willingness to pay (WTP) is the maximum price at or below which a consumer will definitely buy one unit of a product. This corresponds to the standard economic view of a consumer reservation price.Some researchers however conceptualize WTP as a range. According to the constructive preference view consumer willingness to pay is a context-sensitive construct; that is a consumer’s WTP for a …
The equation “Y = a + bX” is used where the variable “a” represents the minimal numbert of people voting for the party “b” is a variable used to ensure that there is a positive gradient “X” represents the consistency of the party’s issue position and Y represents the number of people who vote for the party.
Sustainable living describes a lifestyle that attempts to reduce an individual’s or society’s use of the Earth’s natural resources and one’s personal resources . It is often called as “earth harmony living” or “net zero living”. Its practitioners often attempt to reduce their ecological footprint (including their carbon footprint) by altering their methods of transportation energy consumption …
A Pyrrhic victory (/ ˈ p ɪr ɪ k / PIRR-ik) is a victory that inflicts such a devastating toll on the victor that it is tantamount to defeat.Winning a Pyrrhic victory takes a heavy toll that negates any true sense of achievement or damages long-term progress. The phrase originates from a quote from Pyrrhus of Epirus whose triumph against the Romans in the Battle of Asculum in 279 BC …
Unicorns” are so named because people willing to agree to such arrangements are rare whereas couples looking for a lovers who will agree t…

Leave a Reply