What basic laws limits economic activity?Group of answer choicesthe planetthermodynamicsBernoulli's Principlebusiness/income tax

The basic laws that limit economic activity can be:

1. The Planet: The resources available on our planet are finite. This means that there is a limit to the amount of resources that can be used for economic activity. Overuse of resources can lead to depletion and environmental damage, which can in turn limit economic activity.

2. Thermodynamics: The laws of thermodynamics, particularly the second law, state that energy cannot be created or destroyed, only transferred or changed from one form to another. This means that there is a limit to the amount of energy available for economic activity.

3. Bernoulli's Principle: While this principle is primarily used in fluid dynamics, it can also be applied to economics. It states that an increase in the speed of a fluid occurs simultaneously with a decrease in pressure or a decrease in the fluid's potential energy. This can be interpreted in economic terms to mean that as the speed of economic activity increases, the pressure (or potential for growth) decreases.

4. Business/Income Tax: Taxes imposed by the government on businesses and individuals can limit economic activity. High taxes can discourage investment and spending, which can slow economic growth.