Suppose that the hypothetical country of Kernaland suffers from chronic scarcity of its staple grain, corn. True or False: People in Kernaland must be poor. False True

False

Explanation:

Scarcity arises when there is more demand than supply in an economy. If there is a scarcity of corn, it means that people in Kernaland are demanding more corn than it available to them.

This does not however, translate to poverty in the land because were the people poor, they might not be able to demand the corn in the first place which would mean that there wouldn't be scarcity.

Scarcity arises as a result of demand surpassing supply and has nothing to do with poverty rates so we cannot say whether the people are poor or not from the information presented. Best option is therefore false.

answer; organization;

answer; by looking at total product,marginal product,and changes in both after changes in inputs