Do you see any problems in economic resources being distributed globally?

Q: With countless people competing for the same resources, how do we determine who gets the resources?

A: Economics(e) is the study of how limited-resources with alternative-uses are allocated to different…

Q: Governments use violence, and the threat of violence, to force people to do what they do not want to…

A: The statement is False Government is selected by the people of the country and is the government…

Q: what is creative destruction? How does it contribute to economic development and industrial churning…

A: Capitalism is considered propelled by creative destruction or long-held traditions to make way for…

Q: Traditional economy is the social and institutional process through which certain groups of economic…

A: The given statement is true.

Q: In Denmark, the resources of the country are utilized efficiently to produce socially useful goods…

A: The economic system shows and define how the capital, resources, factor of production are divided in…

Q: 16+ 12+ 1 3 Tractors Refer to the diagram, moving from point C to point D, shows that the…

A: The opportunity cost = What is sacrificed / What is gained

Q: Do you see any problems in economic resources being distributed globally? If yes, what? How?Can you…

A: The global distribution of economic wealth is not equally and equitably distributed and has become…

Q: The world population will double in the next 10 years, but you personally are unlikely to eat only…

A: Hunger is a circumstance in which an individual is unable to eat enough food to meet basic…

Q: t is best for society to produce 4 million units of other goods and services and 50% malaria control…

A: Most efficient point: A point that lies on the PPF curve is the most efficient and attainable point.…

Q: Which of the following is a positive statement? large inequality in society should be avoided…

A: There are two types of statements: Normative statement and positive statement.

Q: why market economies usually do a better job than command economies at efficiently transforming…

A: Answer: Introduction: Market economy: it refers to the economy where there is no government…

Q: What are the current situation of agriculture and home economics? How these two contributes to the…

A: Economy refers to a system in which all the sectors work in order to earn income. The basic…

Q: how will you apply the de-development framework in your personal consumption of goods and services…

A: Macroeconomics is a sub-part of economics that is used to understand, the policies and fiscal…

Q: What are Economic advantages resulting from changes in climate?

A: Climate change refers to a change in the typical weather pattern that is found in a place. This…

Q: At Big Drop Coffee, some employees brew coffee, others deal with customers, and others prepare…

A: In a free market economy, resources are allocated through the interaction of free and self-directed…

Q: Why are the world lodging business growing at the rate of about 2.5 percent per year in normal…

A: Business can be profitable. For the business to be profitable, firms have to understand and analyze…

Q: Is space the canvas on which economic geographical patterns are mapped out, or does it play a role…

A: Economic Geographic patterns are the aggregate result or resultant of the several economic laws,…

Q: Scarce economic resources and unlimited wants causes

A: In the economy there are scarce economic resources and that means there are limited resources and…

Q: Why are all resources considered scarce?

A: Resources can be defined as the asset/service which meets human wants and needs. It is also referred…

Q: Choose the correct answer: Which category of scarce resources has the correct matching list? Land:…

A: Scarce Economic Resources: Scarcity in terms of economics is the basic problem of the economy. All…

Q: Is there a change in the resources available to society? explain why.

A: Economics is the study of allocation of scarce resources among alternative uses to satisfy human…

Q: How are resource decisions affected by the global market and world events? Provide a real-world…

A: The countries in the world have developed their economies by interacting with the other countries…

Q: Examine the central problems of an economy given below and select the one that cannot be represented…

A: A production possibility curve (PPC) is a graph that represents different combinations of output…

Q: how may economic problems pose a challenge to social class

A: Economic development challenges are problems or challenges that the economy is facing that are…

Q: How are resources allocated in free market enterprise

A: Free market enterprise:-  The free market, also known as free enterprise, is a market system in…

Q: chick fil a eat more chicken campaign features three cows holding up a sign that says things like…

A: Hey champ, Welcome to this platform. Here you will get the answer with better quality in minimum…

Q: Does the fact that something is abundant mean it is not scarce in the economic sense? Why or why…

A: Economics is a discipline that includes answers to the basic questions of the economy: what to…

Q: All resources are limited. Which of the following is NOT a resource? A. Timber B. Coal C. Interest…

A: Natural resources are defined as the free goods of nature and they exists without any help from…

Q: Why is private property, and the protection of property rights, so critical to the success of the…

A: Private property can be legally defined as any resource, asset, or capital the ownership of which is…

Q: which parties that can sign the certificate of origin to attest to the origin of the goods?

A: A Certificate of Origin is a document commonly used in international commercial transactions that…

Q: A television program examining the issue of Mexican immigration stated that most economists believe…

A: Aggregate demand as well as aggregate supply are the two parts of macroeconomics and are adjusted by…

Q: Barb can produce 10 apples or 10 oranges on her farm, while Jim can produce 20 apples or 40 oranges.…

A: What is OPPORTUNITY COST (chance expenses) Financial backers are constantly confronted with…

Q: How do market prices coordinate the economic activity of millions of individuals?

A: The market price is the price at which goods and services are available in the market.

Q: how do we make the best use of the available resources

A: Scarcity: - it is a very basic problem of economics that is related to the limited availability of…

Q: A production possibility frontier corn. The farmer can grow 80 bushels of soybeans or 160 bushels of…

A: In business analysis, the production possibility frontier (PPF) is a curve that illustrates the…

Q: What is the Opportunity cost of farming ?

A: Opportunity cost: - opportunity cost is a forgone benefit which we could have earned by applying all…

Q: Why do property rights and the level at which choices about using resources occur matter to an…

A: The property rights and the level at which the choices about using the resources affect the society…

Q: Judy allows her friend Tim to use her car whenever he’s in town on business. Which economic practice…

A: Economic practices include all activities associated with the production, utilisation and…