EBK ECONOMICS: PRINCIPLES AND POLICY
13th Edition
ISBN: 8220100605932
Author: Blinder
Publisher: Cengage Learning US
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Question
Chapter 14, Problem 3DQ
(a)
To determine
Government regulation on quantities of output.
(b)
To determine
The impact of rationing commodities.
(c)
To determine
Allocating different jobs for soldiers.
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QUESTION 38
38. Which of the following statements referring to economic jargon is TRUE?
a "free good" is one which is so abundant that there is enough to satisfy all that people may want of it.
"scarcity" arises from assumptions of unlimited human wants and limited resources.
a "scarce good" is one for which quantity demanded is less than quantity supplied.
all the above are true
only (a) and (b) above are true.
What are the three (3) most important things that you believe should be done to reduce hunger in our country(philippines)?
QUESTION 18
The very foundation of economics is
scarcity and choice
and
supply and demand
money and the Economy
dollars and Cents
QUESTION 19
The Blue Ocean Strategy refers to:
an effort to be a better competitor
a strategy to ensure that production methods are environmentally sound
an effort to make the competition irrelevant
the strategy of leaving the smallest ecological footprint
QUESTION 20
A price ceiling:
requires governmental interference
occurs naturally in a monopoly
is the highest price that a market will bear
is the place where the market is in equilibrium
Chapter 14 Solutions
EBK ECONOMICS: PRINCIPLES AND POLICY
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