After earthquakes hit the California coast and damaged tens of thousands of cars, there was a growing demand and need for automotive repair, glass replacement, dent repair and repainting. In the labor market for car repair, the demand would be represented by

automotive body shops and glass repair and replacement companies; and supply represented by automotive workers

Explanation:

Great damage was caused by the Earthquakes so there would be the need for repairs and some replacing. the labor market, would experience more demand of body shop workers searching for work to meet with the great need for automotive repair, glass replacement, dent repair and probably for those who would be painting their cars again.

The supply would be represented by the companies providing jobs, in order to support the need for automotive repairs. Demand and supply are interlinked.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know