The basic goal of economics is:
a. determining how to distribute all that is produced in an economy.
b. addressing the scarcity problem created because the population's desire for goods exceeds the ability to produce them.
c. controlling tastes and wishes so that there will be enough resources to produce all the goods and services that people want.
d. matching limited resources to people's limited wants and needs.
e. controlling the effects of government actions.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The basic goal of economics is: a. determining how to distribute all that is produced in an economy. b. addressing the scarcity problem ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If a community college decided to build an academic building, then the money and resources would not be available for a parking garage. This is an example of:
Answers (1)
One type of loan that takes longer then a year to pay
Answers (1)
Frank, jim, martha, and louise occupy the same apartment, share routine chores such as cooking, cleaning, and laundry, and each contributes a share of their earnings to pay utilities and food costs.
Answers (1)
Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product 3.20Number of finished units produced 6,500Standard wage rate per direct labor hour (SP) $19.
Answers (1)
gain or loss on the disposal of assets is determined by comparing the disposed asset's book value to the value of any assets received true or faslse
Answers (1)
New Questions in Business
Which act allows employees claiming discrimination to treat each receipt of a paycheck as an instance of discrimination for purposes of determining their eligibility to file a complaint
Answers (1)
Juanita purchased a Polar Express train set from Lionel Trains. She paid $240 for the set and received consumer surplus of $125. What was Juanita's willingness to pay for the train set?
Answers (1)
A practitioner may perform an agreed-upon procedures engagement on prospective financial statements provided that which of the following is met? a. Use of the agreed-upon procedures report is notrestricted. b.
Answers (1)
What is the difference between a traditional economy and a market economy?
Answers (1)
Why is it important for the balance of payments to balance?
Answers (1)