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

Author Question: Which of the statements below best illustrates the use of the market process in determining the ... (Read 94 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jul 1, 2018
Which of the statements below best illustrates the use of the market process in determining the allocation of scarce resources?
 
  A) Let's make this product because this is what we know how to do best.
  B) We should consider shifting to products where we can earn even more money.
  C) Everyone is opening video stores, why don't we?
  D) We can't stop making this product. This product gave our company its start.

Question 2

Which of the following goods has the property of rivalry?
 
  A) national defense
  B) a highway
  C) air to breath
  D) an outdoor movie screening


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Shelles

  • Hero Member
  • *****
  • Posts: 582
Reply #2 on: Jul 1, 2018
Thank you


Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

The process of mitosis in an animal cell. The process of mitosis in an animal cell.
An overview of the process of primary and secondary growth in a woody stem. An overview of the process of primary and secondary growth in a woody stem.
Oncosis Process Oncosis Process
Cross functional Process Flow Diagram Cross functional Process Flow Diagram
The respiratory system and the process of gas exchange The respiratory system and the process of gas exchange
Macrophage caught in the process of engulfing tuberculosis bacteria. Macrophage caught in the process of engulfing tuberculosis bacteria.
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library