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

Author Question: Resources are allocated efficiently when (Read 82 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?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Mining Mineral Resources Mining Mineral Resources
As their numbers grow and their resources and health improve, the elderly will enjoy life more and ... As their numbers grow and their resources and health improve, the elderly will enjoy life more and ...
Energy Resources range from inexhaustible to nonrenewable Energy Resources range from inexhaustible to nonrenewable
Earth’s Mineral Resources Earth’s Mineral Resources
Metallic Resources in the World Metallic Resources in the World
Resources from Rocks and Minerals Resources from Rocks and Minerals
Video: Alzheimer's Disease

For a complete list of videos, visit our video library