20. Which category of scarce resources has the correct matching list?A. Land: whiteboard in a classroom, a barbershop owner, professor at a collegeB. Capital: mirror at a barbershop, ATM machine at a bank, oven at a pizzeria, bank clerkC. Labor: professor at a college, landlord of a real estate-firm, doctor at a hospital, mayor of a cityD. Entrepreneurship: a partner in a major law firm, a stockholder, a bestselling author

Professor, landlord mayor are labor who make efforts to produce goods or render services in the…

Answered: 20. Which category of scarce resources…

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 2CQQ

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Q19. Which category of scarce resources has the correct matching list? A. Land: whiteboard in a classroom, a barbershop owner, professor at a college B. Capital: mirror in a barbershop, ATM machine at a bank, a bank clerk, arable land C. Labor: professor at a college, nurse at a hospital, doctor at a hospital, mayor of a city D. Entrepreneurship: a partner in a law firm, a stockholder, software at accounting firm
1. What is the opportunity cost of a particular product? The price paid for that product. b. The value put on that product by the person who bought it. c. The value of the next-best alternative that is given up as a result of buying that particular product. d. The combined value of all the other alternatives that are given up as a result of buying that particular product. a. 2. Which of the following is a capital good? An oven in a bakery. b. A home computer. a. c. The first application of CD ROM technology to an economics textbook. d. An investment in IBM stock.
1. Introduction of human activities. 2. Problems of human activities. 3. Scope of human activities.
Which of the following are capital goods? Explain why. A. A school teacher because she helps her students increase their productive resources B. A pack of bubble gum because it can be purchased now and consumed in a future period OC. An interstate highway and a stealth bomber because governments buy and use them in the current period OD. A strawberry field because it is used to produce strawberries E. An interstate highway and a stealth bomber because governments buy these to increase productive resources to use during future periods to produce other goods and services Which of the following are capital goods? OA. A movie because it can be viewed now and in the future OB. A movie because all factors of production that are not labor are capital goods OC. An airplane, a garbage truck, and an ATM because businesses use these to produce other goods and services in the future D. An airplane, a garbage truck, and an ATM because all factors of production that are not labor are capital goods…
Please no written by hand solution Assume a society consists of two economic? groups: one group is rich and the other group is poor. Suppose that 50 percent of the population is rich while the other 50 percent of the population is poor. Consider two scenarios. Scenario? A: The rich have ?$60000 ?each, while the poor have ?$2000 each. Scenario? B: The rich have ?$7500 ?each, while the poor have ?$750 each. If you only care about average income and not about? equity, you would prefer ? a or b ?, which has an average income of ?$ ________. ?(Enter your response to the nearest dollar?.) Now suppose that you only care about equity or inequality. In this? case, you would prefer ? Scenario B or Scenario A ?, which has a? rich-to-poor ratio of ________. ?(Round your response to one decimal place?.) ?Finally, suppose you only care about living standards. In this? case, you would prefer ? Scenario B or Scenario A because it has lower poverty.
10. What economic problem is addressed through 4Ps? a. Adoption of technology b. Human Resource Development c. Population d. Poverty
Hi can you solve my question you have all the specific data rn i know it has some options but if you can all of them ill appreciate
1. According to the preclassical or Physiocratic school (1756–78) and classical economists (1776–1890) typically which of the followings is not one of the three major categories of basic resources essential to the production of goods and services? О а. Сарital O b. Land O c. Labour O d. Entrepreneurship
How many goals for sustainable development (SDGs) are there? Question 8Answer a. 17 b. 15 c. 19 d. 18
1. What are the ways in which the chocolate industry can help in the socioeconomic development of West Africa? Enumerate.
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Which of the following statements in relation to sustainable development is not true? Question 6Answer a. Sustainable development of various countries and the entire world is the only solution left for mankind to survive for a longer period on Earth. b. Sustainability has the main objective of purely focusing on the natural environment. c. Sustainable development is defined as the development that meets the needs of the present without compromising the ability of our future generations to meet their own needs. d. Sustainable development not only considers the protection of the environment but also the maintenance of economic viability as well as social and ethical considerations.

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