29. Economics is the study of the allocation of the abundant resources in a country. Group...
29. Economics is the study of the allocation of the abundant resources in a country.
Group of answer choices
True
False
Homework Answers
False.
Economics is the study of optimal allocation of scarce resources in a country. Economics helps to understand how best the resources can be allocated so that they are efficiently utilized to realise higher profits.
Add Answer to:
29. Economics is the study of the allocation of the abundant
resources in a country.
Group...
Welfare economics is the study of how: Group of answer choices a consumer's optimal choice affects...
Welfare economics is the study of how: Group of answer choices a consumer's optimal choice affects her demand curve. the allocation of resources affects economic well-being. a price ceiling compares to a price floor. the government helps poor people.
International Economics- Extra Credit Producers in a country which is capital-abundant are complaining that a labor-abundant...
International Economics- Extra Credit Producers in a country which is capital-abundant are complaining that a labor-abundant country has lower wages and so has an unfair advantage. Producers in the capital-abundant country are seeking protection through import tariffs. Explain why an econom ist would not view this situation as "unfair."
Economics is the study of the efficient allocation of scarce resources (land, labor, capital, entrepreneurial talent)....
Economics is the study of the efficient allocation of scarce resources (land, labor, capital, entrepreneurial talent). 1. Define and explain the term “scarcity”. 2. Provide a situation where you have personally faced scarcity. 3. Provide the method in which you overcame the scarcity. Did you choose an inferior good? Did you seek a Substitute Good? Did you forego consumption?
An efficient allocation of resources is one where resources are distributed to where they are most...
An efficient allocation of resources is one where resources are distributed to where they are most needed by society. True or False
Without scarcity, the study of ________ would be unnecessary. positive incentives negative incentives resource allocation economics...
Without scarcity, the study of ________ would be unnecessary. positive incentives negative incentives resource allocation economics productivity
Cohort studies, along with case-control and cross-sectional studies, are considered experimental studies. Group of answer choices...
Cohort studies, along with case-control and cross-sectional studies, are considered experimental studies. Group of answer choices True False A case-control study observes the differences between diseased and non-diseased, whereas a cohort study observes the differences between exposed and non-exposed. Group of answer choices True False In a cohort study, the exposure is not randomly allocated between study participants. Group of answer choices True False
If a country has the ability to produce a specific good with fewer resources than other...
If a country has the ability to produce a specific good with fewer resources than other countries, then it has Group of answer choices a trade surplus. an absolute advantage. a comparative advantage. favorable terms of trade.
A loss of study participants to follow-up that are different than those not lost to follow-up...
A loss of study participants to follow-up that are different than those not lost to follow-up is an example of information bias. Group of answer choices True False Cohort studies are attractive when the period between exposure and disease are short. Group of answer choices True False Because cohort studies are conducted over long periods of time and can directly measure incidence, cohort studies do not require large study populations. Group of answer choices True False
In his study of the role of the foreign sector in economics, Harry learns that specialization...
In his study of the role of the foreign sector in economics, Harry learns that specialization and trade exist because __________. Group of answer choices all nations’ opportunity costs are the same all individuals’ opportunity costs are the same opportunity costs are not crucial to international trade individuals’ and nations’ opportunity costs are different
PCPs do not play a role in controlling costs, rather in rational allocation of resources and...
PCPs do not play a role in controlling costs, rather in rational allocation of resources and utilization rates. O True O False
International Economics- Extra Credit Producers in a country which is capital-abundant are complaining that a labor-abundant country has lower wages and so has an unfair advantage. Producers in the capital-abundant country are seeking protection through import tariffs. Explain why an econom ist would not view this situation as "unfair."
Economics is the study of the efficient allocation of scarce resources (land, labor, capital, entrepreneurial talent). 1. Define and explain the term “scarcity”. 2. Provide a situation where you have personally faced scarcity. 3. Provide the method in which you overcame the scarcity. Did you choose an inferior good? Did you seek a Substitute Good? Did you forego consumption?
PCPs do not play a role in controlling costs, rather in rational allocation of resources and utilization rates. O True O False
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