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

Author Question: Resources are allocated efficiently when (Read 90 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?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

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?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Resources related to safety Resources related to safety
Groundwater Resources Groundwater Resources
Iceland Geothermal Resources Iceland Geothermal 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 ...
Earth’s Mineral Resources Earth’s Mineral Resources
Marine pollution threatens resources and marine life Marine pollution threatens resources and marine life
Video: Replication of DNA and Chromosomes/ How do cells replicate their DNA? (Animation) no Audio

For a complete list of videos, visit our video library