Homework Answers
"C"
Efficiency means society is getting the maximum benefits from its scarce resources in the market. that makes the economy more efficient as they can make the best of what they have.
Add Answer to:
Efficiency means that a. society's goods and services are distributed fairly, though not necessarily equally, among...
3. According to the textbook, equality means that A. all members of society have the same...
3. According to the textbook, equality means that A. all members of society have the same income. B. society is getting the most it can from its scarce resources. C. society's goods and services are distributed according to need. D. the benefits of society's resources are distributed uniformly among society's members. E. A and B, only 4. According to the textbook, efficiency means that A. society is getting the most it can from its scarce resources. B. society's goods and...
Allocation of resources if efficient when O people are conserving resources in order to save them...
Allocation of resources if efficient when O people are conserving resources in order to save them for future generations. o the fruits of production are distributed equally among the members of society. o all members of society are satisfied with the distribution of goods and services. O people are getting the maximum benefit from the scarce resources they have.
1) Which of the following statements about scarcity is correct? (2pts) Scarcity sould be eliminated if...
1) Which of the following statements about scarcity is correct? (2pts) Scarcity sould be eliminated if a society followed the policy "from each according to H to each acfording to his needs." rápis a problem facing all societies, regardless of how they are organized. Carcity is a problem for poor societies, but not for affluent ones All of the above None of the above 2) Efficierfy means that (2pts) spciety's resources are distributed fairly among society's O society is getting...
Which of the following statements is (are) correct? (x) College students often choose to attend college...
Which of the following statements is (are) correct? (x) College students often choose to attend college even though it reduces the present level of income because they believe that future income and job satisfaction will be greater if they successfully earn a higher degree of education. (y) For many community college students, the largest single cost of a college education is the wages given up to attend school. (z) If wages for high school graduates rise, but college tuition does...
Economists use the word equity to describe a situation in which Question 9 options: 1) each...
Economists use the word equity to describe a situation in which Question 9 options: 1) each member of society has the same income 2) those in society who have the least will receive the most 3) the benefits of society's resources are distributed fairly among society's members 4) society is getting the most it can from its scarce resources Productivity is defined as the 1) amount of labor which can be saved by replacing workers with machines 2) number of...
Test 1-4 Part A 1. Scarcity as defined in economics: K. Occurs when there are not...
Test 1-4 Part A 1. Scarcity as defined in economics: K. Occurs when there are not enough resources to produce all that a society desires L. Is a problem only faced by the Less Developed Countries (LDCs). M. Is not an issue for the affluent industrially-advanced nations. N. Refers to situations where the producer of a product is making its profit by creating fear. O. Refers to shortages of goods and services when the price level is too low 2....
1.In a capitalist economy, the market value of something is determined by......and....... Prices are the quantification...
1.In a capitalist economy, the market value of something is determined by......and....... Prices are the quantification of those values in terms of the money that is used. When the supply of something is high, relative to demand, the price will be........ When the demand for something is .........relative to the supply, the price will be high. When the....... for something is low relative to the......., the price will be high. Prices play an important role in the market economy because...
Chapter 2 Homework 1. Points that lie outside (or beyond) the PPF are attainable. ainable. efficient....
Chapter 2 Homework 1. Points that lie outside (or beyond) the PPF are attainable. ainable. efficient. D. ineflficient 2. Which of the following statements is true? less of some other good. to produce goods. another possibilities frontier (PPF). A. In a world of efficiently used scarce B. The law of increasing opportunity costs assumes that all people have the same ability C. Efficiency implies that it is impossible to get more of one good without getting less of D. Even...
Question 55 1.33 pts The nurturing and stimulation in the first 3 years of life can...
Question 55 1.33 pts The nurturing and stimulation in the first 3 years of life can result in an increase of brain cells. (Level 1) True False D Question 56 1.33 pts Which of the following groups or organizations defines health as "a state of physical and mental well-being that facilitates the achievement of individual and societal goals"? (Level 1) a. Medical sociologists b. National Institutes of Health O c. Society for Academic Emergency Medicine O d. World Health Organization...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Allocation of resources if efficient when O people are conserving resources in order to save them for future generations. o the fruits of production are distributed equally among the members of society. o all members of society are satisfied with the distribution of goods and services. O people are getting the maximum benefit from the scarce resources they have.
1) Which of the following statements about scarcity is correct? (2pts) Scarcity sould be eliminated if a society followed the policy "from each according to H to each acfording to his needs." rápis a problem facing all societies, regardless of how they are organized. Carcity is a problem for poor societies, but not for affluent ones All of the above None of the above 2) Efficierfy means that (2pts) spciety's resources are distributed fairly among society's O society is getting...
Test 1-4 Part A 1. Scarcity as defined in economics: K. Occurs when there are not enough resources to produce all that a society desires L. Is a problem only faced by the Less Developed Countries (LDCs). M. Is not an issue for the affluent industrially-advanced nations. N. Refers to situations where the producer of a product is making its profit by creating fear. O. Refers to shortages of goods and services when the price level is too low 2....
Chapter 2 Homework 1. Points that lie outside (or beyond) the PPF are attainable. ainable. efficient. D. ineflficient 2. Which of the following statements is true? less of some other good. to produce goods. another possibilities frontier (PPF). A. In a world of efficiently used scarce B. The law of increasing opportunity costs assumes that all people have the same ability C. Efficiency implies that it is impossible to get more of one good without getting less of D. Even...
Question 55 1.33 pts The nurturing and stimulation in the first 3 years of life can result in an increase of brain cells. (Level 1) True False D Question 56 1.33 pts Which of the following groups or organizations defines health as "a state of physical and mental well-being that facilitates the achievement of individual and societal goals"? (Level 1) a. Medical sociologists b. National Institutes of Health O c. Society for Academic Emergency Medicine O d. World Health Organization...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Most questions answered within 3 hours.
-
Determine the heat of combustion (ΔH2) for propane
(C3H8) using the bond energy table. HINT: you’ll...
asked 7 minutes ago -
1 Give the host id in binary for the following IP addresses
(assuming classful):
a) 130.11.6.9...
asked 8 minutes ago -
A concert loudspeaker suspended high off the ground emits 32 W
of sound power. A small...
asked 11 minutes ago -
WRITE A JAVA PROGRAM THAT READS DATA FROM A .CSV FILE
!!
PLEASE SEE INSTRUCTIONS BELOW...
asked 16 minutes ago -
Short essay, about 500 words that is structured like the
examples from the business world you...
asked 14 minutes ago -
A billiard ball moving at 6.00 m/s strikes a stationary ball of
the same mass. After...
asked 15 minutes ago -
From past history, the scores on a statistics test are normally
distributed with a mean of...
asked 47 minutes ago -
Calculate the gravitational field strength on the highest peak
of Everest (8848 m above the Earth).
asked 47 minutes ago -
the energy value of carbohydrates is 4.0 cal/g. calculate the
energy in 250 g of carbohydrates,...
asked 50 minutes ago -
i
need the summary of this article “Why I Don’t Trust The Video Games
Cause Violence”...
asked 1 hour ago -
Draw the reactants and products of the following
reaction:
3-ethyl-2-heptene + HOH → 3-ethyl-3-heptanol +
3-ethyl-2-heptanol...
asked 1 hour ago -
Determine the ratio of adipic acid and butylene glycol that
should be used to obtain a...
asked 1 hour ago