Which of the following goods are scarce? a. Garbage b. Salt water in the ocean c. Clothes

Question:

Which of the following goods are scarce?
a. Garbage
b. Salt water in the ocean
c. Clothes
d. Clean air in a big city
e. Dirty air in a big city
f. A public library

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

See More Books

Question Posted: Feb 07, 2013 05:35 AM

See More Questions

Which of the following goods or services would be most likely to be subject to (1) external economies of scale and (2) dynamic increasing returns? Explain your answers. a. Software tech-support...
Which pairs of the following goods would you classify as complementary, substitute, or independent goods: beef, ketchup, lamb, cigarettes, gum, pork, radio, television, air travel, bus travel, taxis,...
Which of the following are probability distributions? Why? (a) RANDOM VARIABLE X PROBABILITY 2 ................... 0.1 1 ................. 0.2 0 ................... 0.3 1 ................... 0.25 2...
Write a filter that reads text from an input stream and prints it to an output stream, removing any lines that consist only of whitespace.
Spoilage and rework can be caused by customer requirements or by internal failure. Why is it important to determine the cause of the spoilage and rework?
. An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.90...
Describe the type of information that is documented in an issue log. How can you avoid spending too much time documenting and tracking issues? LO.1
On March 1, 2015, Zephur Winds Ltd. purchased a machine for $80,000 by paying $20,000 down and issuing a note for the balance. The machine had an estimated useful life of nine years and an estimated...
Cash collections for Wax On Candes found that 60% of sales were collected in the month of the sale, 30% was collected the month after the sale, and 10% was collected the second month after the sale....
It is the end of 2019, and you have been asked to create financial statements for the year. Your manager has given you the trial balance on the left.
Multiple Choice Questions: 1. Which of the following is not true? a. Voluntary exchange is expected to be advantageous to both parties to the exchange. b. What one trader gains from a trade, the...
Explain the difference between poverty and scarcity.
Given that the random variable X has mean = 120 and SD = 15, find the mean and SD of each of these random variables that are defined from X: (a) X / 3 (b) 2X 100 (c) X + 2 (d) X X
According to a recent study, 21% of American college students graduate with no student loan debt. Suppose we obtain a random sample of 106 American college students and record whether or not they...
Differentiate the following with respect to x: a. y=5x+2x + x + 15 b. y=4x+3x - 4x - 10 c. y = 3Sin(5x) d. y = 3Cos(3x) e. y=10e -25x f. y = log(6x)
Question 2. The rate of drug destruction by the kidneys is proportional to the amount of the drug in the body. The constant of proportionality is denoted by K. At time t the quantity of the drug in...
5. 6. -1 (4a) U u X2 1 X2 -2 x -1 -2 12 (4b) U -2 2 Y y 16 x2 X2 3 1 (4c) U u - x 2 Y y -8 Y y -20 5 x X2 2 Find the state space models of the three systems shown in Fig. 4a, Fig. 4b, and Fig. 4c,...
Given the following data for Mehring Company, compute total manufacturing costs, prepare a cost of goods manufactured statement, and compute cost of goods sold. Direct materials used $230,000...
For what types of products is item-level RFID most beneficial for retailers?
Identify Thank You mission, strategy and core competencies. Identify strategy changes that have taken place at Thank You since its founding in 2008. Your answer must in text references and must be...
From 2016 to 2020, the price of electronic equipment fell dramatically and the price of housing rose dramatically. What are the implications of this in deciding whether to use 2016 or 2020 as the...
If you have a current comparative advantage in doing the dishes, and you then become far more productive than before in completing yard chores, could that eliminate your comparative advantage? Why or...
If you decide to speed to get to a doctors appointment and then get in an accident due to speeding, does your decision to speed invalidate the rule of rational choice? Why or why not?
How and why does scarcity affect each of us differently?
Date Account and Explanation Debit Credit Jun 1 Cash 105,000 Jun 1 Capital 105,000 (capital contribution) Jun 1 Computer Equipment 56,000 Jun 1 Cash 56,000 Jun 1 Cash 198,000 Jun 1 Bank Loan Payable...
.Is bankruptcy on the part of the borrower a common risk that frequently interferes with a lenders efforts to work out a defaulted loan through either nonforeclosure means or foreclosure? Discuss.
For each of the following, compute the future value: Present Value Years Interest Rate $ 1 , 2 5 0 1 9 1 2 % $ 9 8 , 7 2 7 1 5 1 3 % $ 6 2 5 6 1 2 % $ 1 1 7 , 6 2 2 7 1 6 % 2 . For each of the...

Which of the following goods are scarce? a. Garbage b. Salt water in the ocean c. Clothes

Question:

Step by Step Answer:

Scarce goods are those that we would like to have more of ...View the full answer

Exploring Economics

Students also viewed these Economics questions