This topic contains a solution. Click here to go to the answer

Author Question: Most modern economists agree that there is a single factor that can be used to explain economic ... (Read 65 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
Most modern economists agree that there is a single factor that can be used to explain economic growth.
 a. This is a true statement because what are needed are abundant resources.
 b. This is a true statement because at the foundation of economic growth, it is essential that there exist extensive private property rights.
  c. This is a false statement because nearly all economists believe that economic growth is a complex process without a single dominant factor.
  d. This is a false statement because economists typically do not agree on policy issues.

Question 2

Which of the following is related to the concept of trade-off used in economics?
 a. Paying tuition to attend college
  b. Paying a high price for a movie ticket on the first day of screening
  c. Not having enough information available to make a rational decision
  d. Giving up one good or activity in order to obtain some other good or activity
  e. Having your cake and eating it too



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amanda_14

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

c

Answer to Question 2

d




SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Wow, this really help


cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

For a complete list of videos, visit our video library