This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The existence of scarcity means that A) there are not enough resources to satisfy unlimited human ... (Read 79 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
The existence of scarcity means that
 
  A) there are not enough resources to satisfy unlimited human wants.
  B) firms will increase their production to eliminate the scarcity.
  C) the government will step in to eliminate the scarcity.
  D) firms working with the government will allocate resources to eliminate the scarcity.

Question 2

A microeconomist would study all of the following issues EXCEPT
 
  A) the impact of a change in consumer income on the sales of corn.
  B) the impact of a snowstorm on the sales of snow shovels.
  C) the most efficient means for General Motors to produce an automobile.
  D) the effect of a change in income taxes on the nation's rate of unemployment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


savannahhooper

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

6 day old human embryo 6 day old human embryo
Endocarditis. The human heart has been sectioned to reveal the left ventricle and origin of the aort Endocarditis. The human heart has been sectioned to reveal the left ventricle and origin of the aort
Routes for the human colonization of the New World and Pacific islands. Routes for the human colonization of the New World and Pacific islands.
Human hnRNP A1 protein can cycle in and out of the cytoplasm, but human hnRNP C Human hnRNP A1 protein can cycle in and out of the cytoplasm, but human hnRNP C
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Human Viruses Associated with Cancers Virus Human Viruses Associated with Cancers Virus
Video: Heart Chambers

For a complete list of videos, visit our video library