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

Author Question: Resources are allocated efficiently when (Read 44 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Apr 19, 2019

Question 1

Efficiency occurs when


◦ the economy is producing what people want at least possible cost.
◦ the economy has a fair and just distribution of income.
◦ all markets are in equilibrium.
◦ unemployment is low and prices are stable.

Question 2

Resources are allocated efficiently when


◦ the market produces what people want.
◦ economic profits are zero.
◦ output is distributed in an equitable fashion.
◦ output is produced in a sustainable fashion.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by P68T on Apr 19, 2019

meow1234

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


P68T

  • Hero Member
  • *****
  • Posts: 509
Reply #2 on: Apr 19, 2019
TY


meow1234

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

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.

Surface Water Resources Surface Water Resources
Groundwater Resources Groundwater Resources
A patient examination room should be simple and efficiently designed. A patient examination room should be simple and efficiently designed.
Selective Resources for Pharmacology Selective Resources for Pharmacology
Energy Resources range from inexhaustible to nonrenewable Energy Resources range from inexhaustible to nonrenewable
Marine pollution threatens resources and marine life Marine pollution threatens resources and marine life
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library