« previous next »

Author Question: What problems would result from the measurement of the sales of all goods and services ... (Read 10 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
What problems would result from the measurement of the sales of all goods and services produced?

Question 2

The major economic problem is to:
 a. provide for full employment.
  b. eliminate scarcity.
  c. increase the standard of living.
  d. allocate limited resources among unlimited uses.
  e. increase leisure.


Carissamariew

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

Measuring the sales of all goods and services would double count many items. For example, a glass pane that is sold to Toyota for a windshield would be counted when it was sold from the glassmaker and again when the automobile (final product) was sold to the consumer.

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial Ectopic pregnancies. (a) An ectopic pregnancy may occur in any of the locations shown. Interstitial
Worldly Goods Worldly Goods
Common Health Problems in Community-Dwelling Older Adults Common Health Problems in Community-Dwelling Older Adults
Abdominal gas "fart problems" غازات البطن Abdominal gas "fart problems" غازات البطن
Computing Limits Problems Computing Limits Problems
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Video: Biological organic compounds

For a complete list of videos, visit our video library