Economist can't eliminate scarcity in resources. Scarcity is an abstract concept which does not have a potential of elimination.
So, the correct answer is " eliminating scarcity in resources".
All of the following are what economists commonly do except O describing economic events. making recommendations...
All of the following are factors that raise economic development EXCEPT O reducing trade barriers. o an educated work force. government control of the country's resources o establishing a legal system.
7. What are economic resources? What categories do economists use to classify them? Why resources are also called factors of production? Why are they called inputs? 8. Why is money not considered to be a capital resource in economics? Why is entrepreneurial ability considered a category of economic resource, distinct from labor? What are the major functions of the entrepreneur? 9. Specify and explain the typical shapes of marginal-benefit and marginal-cost curves. How are these curves used to determine the...
Monetary policy works to stabilize economic conditions by using three tools to increase or reduce the money supply: reserve requirements, interest rates, and open market conditions. Some economists believe that monetary policy is a short-term solution to a long-term problem, and that people will eventually regret artificially stimulating the economy. To complete the Discussion activity, write a post that answers the following questions: Describe your opinion of the use of monetary policy. Do you think it should be used at...
What is the primary reason why macro economists attempt to forecast future economic conditions? because automatic stabilizers do not work at all so that they can best predict how to make profits in the stock market because there are lags when using stabilization policies in order to persuade the public that monetary policy is better than fiscal policy
Monetary policy works to stabilize economic conditions by using three tools to increase or reduce the money supply: reserve requirements, interest rates, and open market conditions. Some economists believe that monetary policy is a short-term solution to a long-term problem, and that people will eventually regret artificially stimulating the economy. To complete the Discussion activity, write a post that answers the following questions: Describe your opinion of the use of monetary policy. Do you think it should be used at...
QUESTION 23 What economic metrics do economists use to measure climate change? Social Cost of Carbon O Present Value damages from climate change as a percent of GDP O Net losses in GDP from damages minus abatement All of the above
QUESTION 23 2 points Save Answer What economic metrics do economists use to measure climate change? O Social Cost of Carbon O Present Value damages from climate change as a percent of GDP O Net losses in GDP from damages minus abatement O All of the above QUESTION 24 2 points 2 points Save Answer Save Answer The social discount rate is not the same as the market interest rate. Why? O capital markets adjust to all risks O market...
All of the following events at a sandwich shop are transactions except O A. A customer purchases a sandwich. OB. A representative from the local university contacts the manager of the shop to get a list of catering services O C. The accountant for the sandwich shop pays the electric bill. OD. A delivery of coffee beans purchased on account from the local roaster is received.
Question 20 5 p Drugs commonly used for stroke therapy include all the following EXCEPT? Thrombolytic therapy O Corticosteroids Anti-inflammatories Analgesics No new data to save. Last checked at 6:10pm Submit Qui Loading Microsoft Te.. wWeek # 7 Gastrointest... Microsoft Teams Week 7 Final Ex.. End F12 Home F11 F10 F6 LO
Question 24 Pilot studies are important in order to do all of the following, EXCEPT: O refine the study design. O provide clarity in the coding system. O refine methodology. O promote subjectivity.