« previous next »

Author Question: What problems would result from the measurement of the sales of all goods and services ... (Read 28 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?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Variation in climatic conditions result in geographic variation in the distribution of biome types a Variation in climatic conditions result in geographic variation in the distribution of biome types a
Language Access Services Language Access Services
Differentiating nursing diagnosis from collaborative problems Differentiating nursing diagnosis from collaborative problems
Common eye and vision problems Common eye and vision problems
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Camera Measurement Camera Measurement
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library