Economys resources - Study guides, Class notes & Summaries

ECON test answers 100% correct 2023-24 An economy that contains both perfect and imperfect competition and both regulated and nonregulated industries is known as - ANSWER-mixed economy An economys production possibilities curve could shift outward as a result of an - ANSWER-increased level of technology which one of the following is a charecteristic of capitalism but not of communism? - ANSWER-private property Full employment describes the condition in which - ANSWER-95 to 96 perce...

what is economics? - Answer study of how a society manages its scarce resources resources - Answer input, factors of production economy's resources - Answer 1. labor 2. capital 3. natural resources 4. entrepreneurial ability labor - Answer physical capital (machines, buildings, roads) capital - Answer human capital (education, knowledge) scarcity - Answer nobody can have everything they want macroeconomics - Answer how to utilize these resources to better th...

Test Bank for Economics Today 20e 20th Edition by Roger LeRoy Miller. Micro 20e and Macro 20e parts test bank included. Full chapters test bank 7083 The Nature of Economics Scarcity and the World of Trade-Offs Demand and Supply Extensions of Demand and Supply Analysis Public Spending and Public Choice Funding the Public Sector PART 2: INTRODUCTION TO MACROECONOMICS AND ECONOMIC GROWTH The Macroeconomy: Unemployment, Inflation, and Deflation Measuring the Economys Performance Glob...

According to the basic economic decision rule, the economically efficient crime rate is correct answers the rate at which the additional benefits from a small decrease in the crime rate are just equal to the additional cost of crime prevention The relationship between two variables that are unrelated can be shown by _____. correct answers a vertical line The correlation between alcohol abuse and other risky behaviors has led many universities to adopt policies strictly regulating the consu...

An economy that contains both perfect and imperfect competition and both regulated and nonregulated industries is known as - answer-mixed economy An economys production possibilities curve could shift outward as a result of an - answer-increased level of technology which one of the following is a charecteristic of capitalism but not of communism? - answer-private property Full employment describes the condition in which - answer-95 to 96 percent of the civilian labor force is employed ...