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 98 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?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

The process of X inactivation The process of X inactivation
Process flow diagram for Acetic Anhydride Plant Process flow diagram for Acetic Anhydride Plant
The gastrointestinal tract and the process of digestion. The gastrointestinal tract and the process of digestion.
Basic process of metabolic profiling Basic process of metabolic profiling
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Role of Factors of Production in Determining Growth, 1975–2009 Role of Factors of Production in Determining Growth, 1975–2009
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library