A society dedicates resources to produce goods and services, these resources include: Group of answer choices...
A society dedicates resources to produce goods and services, these resources include:
Group of answer choices
land
labor
capital
all of the above
Homework Answers
Ans) Resources are the inputs which society uses to produce goods. These inputs include land, labour, capital and entrepreneurship. Land includes natural resources, labour is the amount of time dedicated by workers and capital includes man made things which enhances productivity, like building, machines etc.
Option d.
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A society dedicates resources to produce goods and services,
these resources include:
Group of answer choices...
1. A country's resources (land, labor, and capital) are used to produce the goods and services...
1. A country's resources (land, labor, and capital) are used to produce the goods and services that satisfy the wants of its population. For each of the following, identify whether it should be classified as land, labor, or capital and justify your conclusion. Remember to consider the economic use of these terms (i.e. land, labor, and capital). a four year college degre a. b. the software used to make Facebook available to users c. 100 shares of Microsoft stock d....
43) Resources used to produce goods and services are called Ofa financial resources capital Onatural resources
43) Resources used to produce goods and services are called Ofa financial resources capital Onatural resources
Choose the statement that is incorrect. Group of answer choices The value of goods and services...
Choose the statement that is incorrect. Group of answer choices The value of goods and services produced to protect the environment are included in GDP, but damage to the environment is not. The underground economy is difficult to describe but easy to measure. The underground economy includes production that uses labor that is paid less than the minimum wage. Our working time is valued as part of GDP, but our leisure time is not
The higher prices charged by monopolists Group of answer choices return to consumers through the public...
The higher prices charged by monopolists Group of answer choices return to consumers through the public goods provided by monopolies. are socially optimal because they better reflect how much society values the good relative to the resources used to produce it. are like a private tax that redistributes income from consumers to monopoly sellers. have no effect on the distribution of income.
Which of the following is included in the aggregate demand for goods and services? Group of...
Which of the following is included in the aggregate demand for goods and services? Group of answer choices net exports investment demand. All of the above are correct. consumption demand.
1. If the government imposes a price ceiling, then: Group of answer choices producers would be...
1. If the government imposes a price ceiling, then: Group of answer choices producers would be inclined to increase the quantity supplied. producers must charge the ceiling price. the price offered by producers must be at or below the ceiling price. the market supply curve will shift to the right. the price offered by producers must be at or above the ceiling price. 2. If foreign exchange rates are determined by the interaction of supply and demand forces for the...
What is the obligation of society to provide health care goods and services to the extent...
What is the obligation of society to provide health care goods and services to the extent of its resources?
13) What is the obligation of society to provide health care goods and services to the...
13) What is the obligation of society to provide health care goods and services to the extent of its resources
1. Regulations that offer imperfect answers Group of answer choices Reflect the realistic choices that society...
1. Regulations that offer imperfect answers Group of answer choices Reflect the realistic choices that society must make between imperfect markets and imperfect government intervention. Are options that should never be implemented. Will always have costs greater than their benefits. Are not consistent with utility maximization in the real world. 2. An unregulated natural monopoly is most likely to Group of answer choices Produce where marginal cost equals price. Charge a lower price than if the same product were produced...
1) The "Profit-Max/Loss-Min/Shutdown Rule" applies to: Group of answer choices Pure Monopoly only Perfect Competition only...
1) The "Profit-Max/Loss-Min/Shutdown Rule" applies to: Group of answer choices Pure Monopoly only Perfect Competition only Most market structures All market structures 3) A firm in a monopoly market structure always operates at an economic profit. Group of answer choices True False 4) Comparing monopoly and competitive market structures, "Deadweight Loss" refers to: Group of answer choices Underground markets developing to supply the monopoly good. Shortages caused by high monopoly pricing. The production gap resulting from under-allocation of resources. Surpluses...
1. A country's resources (land, labor, and capital) are used to produce the goods and services that satisfy the wants of its population. For each of the following, identify whether it should be classified as land, labor, or capital and justify your conclusion. Remember to consider the economic use of these terms (i.e. land, labor, and capital). a four year college degre a. b. the software used to make Facebook available to users c. 100 shares of Microsoft stock d....
43) Resources used to produce goods and services are called Ofa financial resources capital Onatural resources
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