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

Author Question: In a world of scarcity, there has to be some way to ration the available resources. According to ... (Read 114 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
In a world of scarcity, there has to be some way to ration the available resources. According to economists, the most efficient use of available resources occurs when rationing occurs via
 
  A) queuing.
  B) lotteries.
  C) political power.
  D) the price system.

Question 2

It is correct to state that a society which is on its production possibilities curve is
 
  A) underutilizing is resources.
  B) technologically inefficient.
  C) consuming too much output.
  D) fully utilizing its productive resources.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakeserpa

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


bcretired

  • Member
  • Posts: 525
Reply 2 on: Jun 29, 2018
Wow, this really help

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Phylogenies showing the relationships of some Old World primates Phylogenies showing the relationships of some Old World primates
Clinal maps of ABO allele distributions in the indigenous populations of the world. Clinal maps of ABO allele distributions in the indigenous populations of the world.
Prevalence of diabetes in the world. Prevalence of diabetes in the world.
Water resources Water resources
Population growth in India, China, Africa, and other countries in the developing world Population growth in India, China, Africa, and other countries in the developing world
Resources from Rocks and Minerals Resources from Rocks and Minerals
Video: Lipid catabolism ( ketogenesis and oxidation of glycerol) and Lipid anabolism (lipogenesis)

For a complete list of videos, visit our video library