er he Multiple Choice Question Spencer argued that social change should be allowed to happen on its own without interference from a O academia. O government. O religion. O workers. Need help? Review these concept resources. Read About the Concept

What is scarcity? Can you think of two causes of scarcity?

Draw and explain a productino possibilities frontier for an economy that produces milk and cookies. What happens to this frontier if disease kills half of the economy's cows?

In Grocerytown there are seven supermarkets. Past research has shown that out of 100 typical customers shopping in person at noon on Monday: 5 are shopping at store 1 O 20 at store 2 ○ 5 at store 3 ○ 25 at store 4 15 at store 5 10 at store 6 О 20 at store 7 • Stores 1, 4 and 6 are Safeway stores. ● Stores 2, 3, 5 and 7 are Whole Foods stores. • Stores 2, 4 and 7 are located downtown. • • • • Assume that one customer is chosen at random and that a customer only shops at one store. (We are talking about physical shopping at the store at a particular point in time, so a customer can only shop at one store. Outcome E; refers to the random customer shopping at store i. Event S means that the customer shops at a Safeway store. Event W means that the customer shops at a Whole Foods store. • Event D means that the customer shops at a store located downtown.

Who answers the three key economic questions in a command economic system? O custom & tradition. O individual producers and consumers O a central authority government and individuals What is the function of an economic system 4 to coordinate production and distribution of goods and services aid for their laber

All societies need to decide (1) What to produce, (2) How to produce it, and (3) How to distribute production among members of a society. Engineers are particularly helpful in determining: OOO How to produce the goods and services, and how to determine who should get the goods and services once produced. How to determine who should get the goods and services once produced. How to determine what good and services to produce. How to produce the goods and services.

Microeconomics is the study of Select one: a. how the economy as a whole works O b. how government make decisions Oc. how government affects the economy d. how individual households and firms make decisions

Need help workig the problems.

What are the main 3 microeconomics principles?  How can each of the principles mentioned be applied in personal or professional life/field?

Based on the production possibility curve represented below, calculate the opportunity cost of moving from combination A to B. Health Care 700 Production Possibility Frontier A 600 500 400 300 200 100 0 0 50 D B E C 100 150 200 250 300 Travel O A. 200 traveling services ○ B. 200 healthcare services O C. 175 traveling services O D. 75 healthcare services