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 77 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

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

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.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

HUMAN BRAIN HUMAN BRAIN
Homunculus maps of human body parts along the cerebral cortex. Homunculus maps of human body parts along the cerebral cortex.
Human Cell Structure Human Cell Structure
A simplified diagram of the Human Ear A simplified diagram of the Human Ear
A human karyotype. A human karyotype.
Locus control and developmental expression of human globin–complex genes Locus control and developmental expression of human globin–complex genes
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library