A society allocates its scarce resources to various uses. These scarce resources include
These scarce resources include:
1) Land
2) Machine
3) People
the above is answer..
A society allocates its scarce resources to various uses. These scarce resources include
A typical society strives to get the most it can from its scarce resources. At the same time, the society attempts to distribute the benefits of those resources to the members of the society in a fair manner. In other words, the society faces a tradeoff between a. guns and butter. b. efficiency and equality. c. inflation and unemployment. d. work and leisure.
A society dedicates resources to produce goods and services, these resources include: Group of answer choices land labor capital all of the above
- analysis, management evaluates the firm's various products and businesses, and then allocates resources according to potential profit outlook. Click the answer you think is right. portfolio contingency operations growth options D Read about this Do you know the answer? I know it Think so Unsure No Idea
1)Economics is best defined as the study ofa) how society manages its scarce resources.b) how to run a business most profitably.c) how to predict inflation, unemployment, and stock prices.d) how the government can stop the harm from unchecked self-interest.2)Your opportunity cost of going to a movie isa) the price of the ticket.b) the price of the ticket plus the cost of any soda and popcorn you buy at the theater.c) the total cash expenditure needed to go to the movie...
Resources are very scarce around the United States. Identify one scarce resource and analyze the impact of the scarcity of that resource on an economy. What is one solution that the government can provide to ensure that the scarcity will not be impacted as much?
Explain the terms microallocation and macroallocation of scarce medical resources
In the Capsim simulation, various business departments (research and development, production, marketing, human resources, and accounting/finance) must collaborate to allocate scarce resources to help grow the business. Describe the “friction points” between the departments as they compete for their “fair” share of those scarce resources, and the elements of teamwork that bear on the outcomes.
2. Provide arguments for and against the assertion that natural resources are getting increasingly scarce over time. Include examples in your answer. Many regions of the world are undergoing deforestation. Is the optimal rate of deforestation zero? 3.
2. Provide arguments for and against the assertion that natural resources are getting increasingly scarce over time. Include examples in your answer. Many regions of the world are undergoing deforestation. Is the optimal rate of deforestation zero? 3.
Economics is a social science concerned with: The best use of scarce resources to achieve the maximum satisfaction of economic wants. Increasing the level of productive resources so there is a minimum level of income. Increasing the level of productive resources so there is maximum output in society. The best use of scarce resources paid for at the minimum level of cost to consumers and businesses. Answer: A person should consume more of something when its marginal: benefit exceeds...