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…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A Day in the Life:The Johnson's are you average American family living in the average community in suburban Los Angeles.The family consists of mom and dad, Martha and HowardTwo children, Sally and Bobby, & A dog, Franklin. From "A Day in the Life," categorize each of the following example A that best fits the description: Public Good, Common Resource, Private Good, or Club Good. 1.Once home, the family gathers in the family room to finish out the day (A) watching TV, using the Spectrum Cable. 1) (Example A)- State the one that best fits the description: Public Good, Common Resource, Private Good or Club Good
5. How are the WHAT, HOW, FOR WHOM questions answered in a command economy? 6. How are the WHAT, HOW, FOR WHOM questions answered in a market economy? 7. What do people give up in a command economy? 8. How are roles defined in a traditional economy?
Identify the one that is not a feature of mixed economy. a. Profit motive and social interest blended b. Planning to control the economy c. Co-existence of public and private sectors d. Absence of government control
3. The organization of economic activities that involve the production and distribution of goods and services among the people refers to. a. Factors of production b. Economic system c. Central planning d. Economic factors
Which one of the following is not likely to occur in a mixed economy? a. Means of productions are partly owned by the state and partly private individuals b. Total control of the government in economic activities c. The element of a market and the command economy d. The existence of the private and the public sector in the economy
4. Which of the following is a more attractive place to do business? a. A nation that lacks democratic institutions b. A nation where economic activity is regulated by the state c. A nation with a market-based economic system d. A nation where the rule of law does not take precedence over business
explain this in regards to green economy. not much info i need on this slide other than i need around 30 seconds to briefly explain somethings on this slide in presentation format.
1. Explain the following concepts: a. Scarcity b. Choice c. Opportunity cost d. Resources 2. State four features each of the three economic systems.
1.Explain what are economic systems? In your explanation, give indication regarding the role of an economic system 2. Discuss the nature of a Planned economic system? Your discussion should include:Ownership and Control of resources and Essential Decision making. 3. Give three (3) advantages and disadvantages of Planned Economies and Market economies. 4. Discuss the essential features of a mixed economy 5.Differentiate clearly between a Planned Economic System and a Free Market Economic System.
“For most of the last 15 years, capital has been cheap. Since 2009, the after-tax cost of borrowing for some large companies has been below the rate of inflation, making their debt in real terms cost-free. All that changed in March 2022, when the world’s central banks began raising rates to curb rising inflation.” The paragraph above is an example of: a. factors of production b. opportunity cost c. market failure d. externalities

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