FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 As a consequence of the condition of scarcity: A there is never enough of anything. B. production has to be centrally planned. L. things

image text in transcribed
image text in transcribed
2 As a consequence of the condition of scarcity: A there is never enough of anything. B. production has to be centrally planned. L. things which are pleacful have relatively high prices D. individuals and communities have to make cacices among abercatives

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Theory And Applications With Calculus

Microeconomics Theory And Applications With Calculus

Authors: Jeffrey M. Perloff

4th Edition

134167384, 134167381, 978-0134167381

More Books

Students also viewed these Economics questions

Question

★★★★★
A team working at a cat food company had the business objective of reducing nonconformance in the cat food canning process. As the team members began to investigate the current process, they found...

Answered: 1 week ago

Question

★★★★★
Describe several features that are necessary for a control report to be effective.

Answered: 1 week ago

Question

★★★★★
If a reversal design was used, was the intervention discontinued for a sufficient period of time? Was the intervention then reinstated with the same desired results?

Answered: 1 week ago

Question

★★★★★
Brooks Hardware reported cost of goods sold as follows. Brooks made two errors:1. 2011 ending inventory was overstated by $2,000.2. 2012 ending inventory was understated by $5,000.InstructionsCompute...

Answered: 1 week ago

Question

★★★★★
Plot on an Excel graph the change in the absorption cross section of 10B over the temperature range of 68F to 600F. Assume the microscopic absorption cross-section of 10B is 3840 barns at 68F

Answered: 1 week ago

Question

★★★★★
Problem 17-32 Analyze Performance for a Restaurant (LO 17-5) Doug's Diner is planning to expand operations and is concerned that its reporting system might need improvement. The master budget income...

Answered: 1 week ago

Question

★★★★★
Question 1 Suppose there are only two goods in the economy: Yo-yos and Marbles. Bob only cares about his consumption of Yo-yos; the more Yo-yos he has the happier he is, regardless of his consumption...

Answered: 1 week ago

Question

★★★★★
Mar Company has two decentralized divisions, X and Y. Division X has always purchased certain units from Division Y at $75 per unit. Because Division Y plans to raise the price to $100 per unit,...

Answered: 1 week ago

Question

★★★★★
Salem-Winston Corporation is emerging from reorganization proceedings under Chapter 11 of the bankruptcy laws. The company's balance sheet shows total assets of $4,500,000, liabilities subject to...

Answered: 1 week ago

Question

★★★★★
Q11 A car is moving at constant speed in a straight line with the engine providing a driving force equal to the resistive force F. When the engine is switched off, the car is brought to rest in a...

Answered: 1 week ago

Question

★★★★★
Describe what management should understand and consider about network technologies, protocols, and convergence. Identify some advantages and challenges associated with networks.

Answered: 1 week ago

Question

★★★★★
How can companies prove they have a sustainable program and are measuring that program?

Answered: 1 week ago

Question

★★★★★
Go, do not wait until I come

Answered: 1 week ago

Question

★★★★★
Make eye contact when talking and listening

Answered: 1 week ago

Question

★★★★★
Do not go, wait until I come

Answered: 1 week ago

Previous Question Next Question